Exploitation process of Umid gas field to depend on Azerbaijan’s demand for gas during 30-50 years

Exploitation process of Umid gas field to depend on Azerbaijan’s demand for gas during 30-50 years
# 06 June 2012 09:17 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. Exploitation process of Umid gas field to depend on Azerbaijan’s demand for gas during 30-50 years, said the SPCAR President Rovnag Abdullayev at the 19th Caspian Oil & Gas Exhibition and Conference.

According to him, the extraction from first well is planned to starts in September. But widely exploitation of the field will depend on county’s demand for gas: “Under the order of President, we prepare forecasts on balance of the country during next 30-50 years and the exploitation of Umid field will be determined”.

He also noted that, 20%-equity in Umid field belongs to Nobel OIL.
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