Post-well analysis of data received during drilling at Shafag-Asiman ongoing

On the Shafag-Asiman offshore block, the drilling of the first exploration well was completed in March 2021 to the base of the Fasila reservoir to a depth of 7,189 meters, Report quotes from a statement issued by BP-Azerbaijan, the operator of the block, together with partners on business in the third quarter of this year.

Post-well analysis of the data received during the drilling is currently ongoing. This analysis is required in order to evaluate the hydrocarbon discovery and plan the next stage of exploration activities.

The agreement on the Shafag-Asiman block signed by BP and State Oil Company of Azerbaijan (SOCAR) in October 2010 covers 30 years. The share of each company in the contract is 50%. The block is located 125 km south-east of Baku. It is believed that there are gas reserves here.