Bank Of Baku

SOCAR will begin drilling the first well on Umid this month

SOCAR will begin drilling the first well on Umid this month
# 03 June 2009 16:41 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. SOCAR will begin drilling at the first well on Umid in the Azeri sector of the Caspian Sea, SOCAR President Rovnag Abdullayev, said at the XVI International Caspian Oil and Gas Conference.

According to him, the first-well on the 7th horizon will be 6500 meters at water depth.

“After a 20-year break, SOCAR will start the development of Umid offshore structure at its own capacity. Installation and construction works at Umid-1 Platform is complete,” he added.
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THE OPERATION IS BEING PERFORMED