CATEGORIZED | News

Absheron exploration well offshore Azerbaijan looks promising, drilling to continue

Posted on 20 September 2011

An exploration well drilled by TOTAL on the Absheron license, offshore Azerbaijan in the Caspian Sea, showed promising potential of reserves, GDF SUEZ announced earlier this month. Drilling will continue in the deeper section before a production test is performed in November to confirm the results.

ABX-2.T1, spud on 14 January this year, is the second exploration well on the Absheron structure; the first well was drilled in 2001. It is located 123 km off the Azerbaijani shore in the Absheron block and being drilled in 474 meters (1,555 ft) of water. The well crossed several reservoir units, reaching a depth of 6,568 meters (21,549 ft) MD.

GDF SUEZ entered the exploration, development and production sharing agreement for Absheron in June 2009 with a 20% stake alongside Total and the State Oil Company of the Republic of Azerbaijan (SOCAR), in which each holds a 40% stake.

“These results confirm a very significant exploration potential of the Absheron license, where we are pleased to work with SOCAR and TOTAL. Azerbaijan is one of the major hydrocarbons producers in the Caspian area,” Jean-Marie Dauger, executive vice president of GDF SUEZ, in charge of the Global Gas & LNG Business Line, said. “As a leading energy company in Europe, GDF SUEZ’ interests for the project may be key to the development of this region.”

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 28 August 2014

    DNV GL launches interactive Arctic risk map

    DNV GL has developed an interactive Arctic Risk Map to present the risks associated with offshore and maritime activities in the Arctic. The map aims to provide stakeholders...

  • 27 August 2014

    Video: Aviation safety program encourages employees to voluntarily report safety issues

    Since 2009, there have been no passenger fatalities on domestic airlines in the US, Ronny “Ronoo” Monsour, VP of Sales for Check-6, said. Mr Monsour also a pilot for...

  • 27 August 2014

    Vestigo Petroleum plans ‘manufacturing approach’ to marginal fields offshore Malaysia

    Vestigo Petroleum, a wholly owned subsidiary of Malaysian NOC Petronas Carigali, is about to put a tender out for its first rig on a first drilling program offshore...

  • 27 August 2014

    Case study from mining: Image-driven safety campaign removes communication barriers

    In the world of process safety, people, equipment, the environment and reputation are some of industry’s greatest assets, Marlane Kayfes, Senior Technical Writer...

  • 26 August 2014

    Video: Evolving asset maintenance requires quality data, input

    Asset reliability is a critical component to meeting business goals and expectations when it comes to safety, the environment and production. As the industry faces...

  • Read more news