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 | Second Talysh Daniz / Lankaran-Daniz well also dry |
Only insignificant gas reserves have been discovered by the second exploratory well on Talysh Daniz / Lankaran Daniz prospect, according to a SOCAR source. The well was bored to the project depth of 4,400 meters.
The Baku office of “TotalFinaElf”, contract operator, has confirmed the fact of completion of the drilling operations, but declined to elaborate the results.
It is indicative that drilling operations on the first well were suspended at the depth of 1,000 meters due to technical difficulties.
However, according to a SOCAR source, this does not mean that the prospect is devoid of hydrocarbon reserves and it is necessary to wait for the results of the third appraisal well to be drilled later this year.
Partners in the Talysh Daniz / Lankaran Daniz contract are SOCAR (25%), TotalFinaElf (55%), Iranian OIEC (10%), and German Wintershell (10%).*
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Issue: April, 19, 2001
OFFICIAL INFORMATION
Government reshuffling started

ECONOMICS
Second Talysh Daniz / Lankaran-Daniz well also dry

OPEC to regulate oil output

Merger of exchanges not anticipated

Musavat concerned with gov’t reform

95% of collective farm property privatized

NEWS OF BAKU
Mayor provides explanation

Mosque destroyed as illegal structure

MISCELLANEOUS
Powerful magnetic turbulence to last till April 20


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