bp starts evaluation of Shafag-Asiman field in Azerbaijan

Oil Interview 21 June 2021 14:46
Baku, Azerbaijan Trend News Agency Leman Zeynalova
bp starts evaluation of Shafag-Asiman field in Azerbaijan

bp has started the evaluation of Shafag-Asiman field in Azerbaijan, the company told Trend.

“But we will need some time to complete this work and plan our next steps for appraisal,” said bp.

Shafag-Asiman field is located 125 km south-east of Baku. The block covers an area of ​​1,100 square meters. The sea depth here is 650-800 meters Shafag-Asiman was discovered in 1961. On October 7, 2010, SOCAR and BP signed an agreement "On exploration, development and production sharing of the Shafag-Asiman offshore block in the Azerbaijani sector of the Caspian Sea." The agreement is valid for 30 years. In accordance with the agreement, in 2012 BP conducted a 3D seismic survey at the Shafag-Asiman block. Based on the processing and interpretation of the received data, the partners determined the location of the first exploration well and started drilling the well in 2020.

The drilling of the first Shafag-Asiman exploration well completed to the base of the Fasila reservoir to a depth of 7189 metres.

bp Azerbaijan earlier told Trend that the resource will need further evaluation. “We have therefore suspended the well to allow us to evaluate its results and consider our next steps for appraisal, potentially including a sidetrack appraisal well.”