First Shafag-Asiman Expl. Well Spudded Offshore AZ



First Shafag-Asiman Expl. Well Spudded Offshore AZ
BP announced this week that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.

BP announced this week that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.

SAX01 is the first well to be drilled in the contract area, according to BP, which holds a 50 percent operated interest in the Shafag-Asiman production sharing agreement. Its partner, SOCAR, holds the remaining 50 percent stake. 

The well is planned to reach total depth of up to 22,965 feet, which is expected to take around nine months. Following this, well data will be analyzed and, if successful, an evaluation program may be conducted to confirm the results, BP noted.

"We are excited and proud to be embarking on this first exploration well on Shafag-Asiman – a structure which has significant potential for a large-scale gas discovery,” BP Regional President for Azerbaijan, Gary Jones, said in a company statement.

“A great deal of preparation has been made to assure a safe and robust drilling program,” he added.

BP first arrived in Azerbaijan and opened its first office in Baku in June 1992, according to its website. Earlier this month, BP, which operates the offshore Azerbaijan Azeri-Chirag-Gunashli oilfield, revealed that the field had recently produced its 500 millionth ton of oil. 

At the end of the second quarter of 2019, the number of BP’s Azerbaijani national employees was 2,525, including fixed-term employees, BP’s website shows.

To contact the author, email andreas.exarheas@rigzone.com



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