ECONOMY


First seismic survey to be conducted in Block D230 during the first half of 2019

Baku, August 3, AZERTAC

“At the end of 2017 the processing and interpretation of the 3D data acquired from the Shallow Water Absheron Peninsula (SWAP) contract area was finalized. A Notice of Prospectivity was signed with SOCAR, signifying BP’s commitment to drill exploration wells in three prospective areas in shallow water Absheron. Planning for the exploration wells drilling in the selected prospective areas is ongoing,” BP said.

The company said that following signature of the new production sharing agreement (PSA) for the joint exploration and development of Block D230 in April 2018, plans are being developed for a seismic acquisition programme. “Subject to PSA ratification by the Parliament of Azerbaijan, the survey will be conducted in the contract area during the first half of 2019.”

“We also continue to plan for the first exploration well on the Shafag-Asiman block,” BP added.

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