SOCAR and Equinor confirm participation in the development of the Karabagh field
On the 30th March, President of SOCAR Rovnag Abdullayev met with Head of Equinor Representative Office in Azerbaijan Fawad Quraishi.
They discussed the issues related to the discovery of the Karabagh oil field and exchanged views on the prospective cooperation in new areas, including industrial safety.
On the 19th March, the parties had confirmed the discovery of Karabagh field, a new field with 60 million tons of oil reserves, as a result of successful drilling operation.
The Karabagh field is the first oil field discovered during the independence period of Azerbaijan. During the 30th March meeting, Equinor Apsheron AS confirmed its sustainable participation in the development of Karabagh field, based on effective results.
The Karabagh field is located 120 kms offshore, east of Baku, in the Azerbaijan sector of the Caspian Sea. Drilling of the first appraisal well at the Karabagh oil field was started on the 23rd December 2019.
The well was drilled in water depth of 180 metres by the Dada Gorgud semi-submersible drilling rig operated by SOCAR’s Caspian Drilling Company (CDC).
The reservoir is at a depth of approximately 3.4 kms.
Source: Energy-pedia