TODAY.AZ / Business

bp takes interests in development of additional oil, gas fields in Azerbaijan

29 June 2005 [08:01] - TODAY.AZ
The Azerbaijani Ministry for Industry and Energy does not rule out bp, a British oil giant, to take interests in the development of a new field Iki Gardash Dashi.
The Ministry told Trend that bp had officially announced on its interests in the development of new fields in the Azerbaijani section of the Caspian.

The State Oil Company of Azerbaijan (SOCAR) told Trend Iki Gardash Dashi field is located 30-35 km of north Baku. SOCAR specialists recognized the field as perspective. In 1970-1980 several well were spudded here with regard to test drilling. The drilling work is implemented by the specialists of the vessels till the depth of 150-200 meters. A geological map of the sea bottom was developed during the process.

At present BP is the biggest operator in the Azerbaijani section of the Caspian.


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