Gobustan Operating Company suspends drilling of appraisal well

The drilling rig will be moved to the Duvanniy field during the purchase of the devices, the State Oil Company of Azerbaijan (SOCAR), the participant of the projects, told Trend.

The well at the Duvanniy field will be gas well with project depth 3,000 meters. The depth at the Kanizdag field comprises more than 3,000 meters at the 3,800 meters project depth.

The daily debit of the gas from the Southern-Eastern Gobustan comprises 400,000 cub m fuel or 12 million cub m a month.

The GOC is going to start sale of the commercial gas of the SOCAR within the early signed purchase contract since 1 October 2005. The price was determined in the amount of $1,29 per 1 million BTU.

The capital expenses of the GOC for 2005 were determined at rate of $6,5m, with $4m for drilling of 5 different wells at Southern-Eastern Gobustan field.