Bank Of Baku

Azerbaijan will start drilling at Umid in May

Azerbaijan will start drilling at Umid in May
# 27 April 2009 16:36 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Drilling work at Umid field in the Azerbaijani sector of the Caspian Sea is scheduled to begin in late May, said Khoshbaht Yusifzade, the First Vice-President of State Oil Company of Azerbaijan (SOCAR).

Umid is estimated to hold 200 billion cubic meters of gas in reserve, he added.

He not ruled out the probability that the deposit may hold more reserves than estimated.

gas wells at a depth of 6400 meters will be drilled on the first platform.


Umid is located 80 km south of Baku.

According to him, work will also start at Absheron Field this year after some commercial aspects are discussed.
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