Baku News

Azerbaijan oil&gas and more

 Gazprom   RusEnergy   Azerbaijan   World   Pipeliners  Zee Beam 








Tuesday, May 02, 2006

SOCAR to step up exploration in Caspian

02/05/2006 00:31 AssA-Irada - Baku - Azerbaijan has been paying special attention to exploration operations in the Caspian Sea of late and 48 offshore exploration wells have been drilled over last several years alone, First Vice President of SOCAR Khoshbakht Yusifzada has said Yusifzada said that as a result of this exploration, confirmed reserves of the fields being jointly developed with foreign companies have increased from 500 to 900 million tons. According to the first vice president, this is tantamount to the discovery of eight major fields. He noted that foreign companies operating in Azerbaijan had invested $1 billion in exploration operations over the past several years. Yusifzada pledged that exploration operations would be continued in the Caspian in 2006. He indicated that SOCAR had plans to start the development of several prospects on its own this year, adding that the company intended to independently engage in exploration operations on Babek, Ashrafi and Garadagh fields. "In order to improve our financial performance, we have to be able to do some of the work ourselves. We would like to install a SOCAR platform either on Garadagh or Ashrafi," he said. When asked by journalists, Yusifzada said the existing reserves would last Azerbaijan for 50-60 years, but further exploration could double the figure. The SOCAR official said the company intended to increase gas production this year. He said that by conducting some upgrade work on Gunashli, which is part of the country's major Azeri-Chirag-Gunashli (ACG) offshore fields, the company wants to produce an additional 1-1.5 billion cubic meters of gas.
Comments:
While you read this, YOU start to BECOME aware of your surroundings, CERTIAN things that you were not aware of such as the temperature of the room, and sounds may make YOU realize you WANT a real college degree.

Call this number now, (413) 208-3069

Get an unexplained feeling of joy, Make it last longer by getting your COLLEGE DEGREE. Just as sure as the sun is coming up tomorrow, these College Degree's come complete with transcripts, and are VERIFIABLE.

You know THAT Corporate America takes advantage of loopholes in the system. ITS now YOUR turn to take advantage of this specific opportunity, Take a second, Get a BETTER FEELING of joy and a better future BY CALLING this number 24 hours a day.
(413) 208-3069
 
Post a Comment

<< Home

Contact me:  

eXTReMe Tracker This page is powered
by Blogger. Isn't yours?