TODAY.AZ / Business

LUKOIL plans developopment of D-222 block in Azerbaijani sector of the Caspian Sea

28 October 2005 [23:20] - TODAY.AZ
In late 2005 the shareholders of the project on development of D-222 bloc in the Azerbaijani sector of the Caspian Sea will hold a meeting to discuss the further plan and work schedule informs Trend news agency.

The State Oil Company of Azerbaijan (SOCAR) possesses 20 percents, Russian LUKOIL [operator of the project] – 80 percents. Azerbaijani side is not aware of exact date and place of the meeting.


“The shareholders will attempt to determine the rig for drilling the well,” the source in SOCAR said. Azerbaijani experts noted that the most effective mean for drilling might be Heydar Aliyev rig of Danish Maersk.

LUKOIL supposes to start drilling of the second development well on D-222 in 2007. The specialists hold date treatment. LUKOIL did not revealed attractive hydrocarbon resources during drilling of development well on Yalama. The well with 4500 depth was drilled from Heydar Aliyev rig. The agreement on exploration, development and division of the resources on D-222 was concluded on 3 July 1997.

Trend

URL: http://www.today.az/news/business/21026.html

Print version

Views: 2591

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: