Baku 7° C
Exploration well at depth of 5,305 meters drilled in Shafag-Asiman
Energy
- 04 February, 2021
- 12:26
On the Shafag-Asiman offshore block, the first exploration well was spudded on 13 January 2020, Report informs, citing a statement issued by the block's operator, BP-Azerbaijan, and partners on the results of 2020 business.
Drilling activities are currently ongoing, and the well is at a depth of 5,305 meters.
Once the well reaches the target depth, the data will be analyzed and, if successful, an evaluation program may be conducted to confirm the results.
The agreement on the Shafag-Asiman block signed by BP and State Oil Company of Azerbaijan (SOCAR) in October 2010 covers 30 years. The share of each company in the contract is 50%. The block is located 125 km south-east of Baku. It is believed that there are gas reserves here.
Author
Latest News
23:11
Video
Vučić calls Ilham Aliyev an experienced statesman and national leader
Foreign policy22:59
Photo
President of Azerbaijan Ilham Aliyev and President of Serbia Aleksandar Vučić delivered press statements - UPDATED
Foreign policy22:26
Vučić: 1st meeting of Azerbaijan-Serbia Strategic Partnership Council is a turning point
Foreign policy22:18
President: 'The broader region is developing very rapidly, with a lot of unexpected scenarios'
Foreign policy22:12
Azerbaijan-Serbia cooperation across various sectors discussed in Belgrade
Foreign policy22:07
Ilham Aliyev: 'We not only work closely on the political track, on the international arena, but we also implement important projects'
Foreign policy22:02
Aleksandar Vučić: 'I'm going to visit Azerbaijan relatively soon again'
Foreign policy21:54
Ilham Aliyev: Azerbaijan and Serbia are very friendly countries
Foreign policy21:45