 | Oil & gas news |
NEW WELL ON OLD FIELD GIVES OIL-GUSHER
Oil well No. 1351 in the north-eastern part of Palchig Pilpilasi (Mud Vault) flowed with oil during trials on October 9. Daily flow-rate is 70 tons. The drilling started 6 months ago and was carried out off "Khazar-5" jack up. The trials were conducted in 1,203-1,265 meters of water.
According to SOCAR, this is the highest flow-rate ever obtained on this field. In general, specialists say that the north-eastern wing of the field has high oil-content.
Palchig Pilpilasi was discovered in 1954 but has not been fully studied yet.
GAS PROCESSING DOWN
In September 2001, the Garadagh gas processing plant processed 218.8 million cubic meters of gas, or 4.1% above projections, SOCAR said Thursday. Also above plan (0.1%) is 9-month gas processing volume - 1.9 billion cubic meters. But the figure has declined a little to last year's (97.8%).
Production of technical butane (86.5%) and gas-oil (94.8%) has also dwindled, with 10.229 tons of technical butane, or 92.4% of the plan, and 12,620 tons of gas-oil (88.7%), produced in 9 months of 2000.
94% OF GAS PRODUCED OFFSHORE
SOCAR produced 3.354 billion cubic meters of gas, including 94% offshore, in 9 months of 2001. SOCAR-owned oil and gas production units extracted 114.6 million cubic meters, while joint ventures 61.3 million. The AIOC has produced and transferred to SOCAR 377.4 million cubic meters of gas in January-September.
The "28 May" unit produced 1.669 billion cubic meters, "Gum Adasi" 790.4 million, "Bulla Daniz" 429.2 million, "Narimanov" 402.9 million, "AbsheronNeft" 25.9 million, a SOCAR source said last Wednesday.
2.3BN CUBIC METERS OF GAS RECEIVED FROM RUSSIAN COMPANIES THIS YEAR
In January-September 2001, SOCAR has received 2.3 billion cubic meters of gas from Russian "Itera" and "Trans-naphtha". In September, the companies transported 276.5 million cubic meters of gas in Azerbaijan, SOCAR said Wednesday. At present, Azerbaijan receives 11.4 million cubic meters of gas a day from the two companies, which is by 2 million cubic meters more than in summer.
4,000 METERS DRILLED ON NAKHCHIVAN
Drilling of the first exploratory well on Nakhchivan prospect is progressing according to the schedule, with 4,000 meters already passed. The drilling will be completed on time, SOCAR said Monday.
The works started in August using the Istiglal semi-submersible rig, with estimated well depth of 6,444 meters. Drilling is being carried out in 142 meters of water.
SOCAR and ExxonMobil each hold 50% interest stakes in the PSA. Preliminary oil reserves are estimated at approximately 80 million tons.
765 GAS METERS ARRIVE FROM GERMANY
"AzeriGas" joint stock company has purchased 765 gas (rotor) meters from German "Elstor". According to a source from the JSC, the installation of the meters at industrial enterprises will start shortly. Earlier, "AzeriGas" had purchased 1,500 such meters from the Germans, of which more than 900 were installed at various enterprises. Also, a laboratory to determine the composition of gas has arrived from Germany to be mounted in the Garadagh district of Baku.
SHAH-DANIZ MANAGEMENT COMMITTEE TO MEET IN NOVEMBER
The Shah-Daniz management committee is expected to meet in early November, SOCAR said Tuesday. The meeting will issue a preliminary sanction for the development of the field and construction of the Baku-Tbilisi-Erzurum gas pipeline.
The meeting is also expected to set up a group of sponsors for the pipeline construction. It is believed that expenses of the group will be assumed in accordance with the interest stakes of partners in the PSA.
The Shah-Daniz contract is owned in the following percentages: SOCAR 10%, bp (operator) 25.5%, Statoil 25.5%, TotalFinaElf 10%, LukAgip 10%, OIEC 10%, and TPAO 9%.
SOCAR TO GET MORE PROFIT OIL
SOCAR is expected to get another portion of the profit oil as part of the Contract of the Century. A SOCAR source said Tuesday that 135,000 tons (1 million barrels) of profit oil will be loaded on bp tankers in Supsa, Georgia.
The latest profit oil SOCAR received in August was sold to Saudi Middle East.
A total of 104 tankers carrying oil from "Chirag", including 12 owned by SOCAR, have been dispatched from Supsa to international markets up to date. The last tanker was conveying bp oil.
DRILLING OF FOURTH WELL ON PIRALLAHI DRAWING TO CLOSE
The fourth appraisal well on the offshore field of Northern Pirallahi had reached 1,163 meters as of October 12, a SOCAR source said Tuesday. The drilling is progressing in the Kermakin suite without any problems. The estimated well depth is 1,350 meters. The drilling commenced in August and is expected to complete by the end of the year.
The field proved to bear oil after its first and third wells turned productive. The field's total reserves are estimated at million tons of oil, a figure challenged by some experts.
SEA FREIGHT TRAFFIC UP
Vessels of the Azerbaijan State Caspian Shipping Company have transported 7,764,000 tons of various consignments in 9 months of this year. This is by 1,060,000 tons, or by 16.1%, over the plan and by 1,185,000 tons, or 16.8% over last year's.
5,455,000 tons of cargoes were transported by tankers, 914,000 tons by dry-cargo vessels and 1,271,000 tons by ferryboats.
In the Caspian basin, the CSC fleet has transported 6,820,000 tons of cargoes (120% of the plan), of which 5.046,000 tons was made up of oil and oil products (123.1%). 5,878,000 tons of various consignments were transported along the Eurasian transport corridor.
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Issue No.N-42 (224), 2001
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