Middle East Economic Survey

VOL. LIV

No 14

1-Apr-2011

CASPIAN

Socar Begins New Appraisal Well In Alat-Deniz Field

Azerbaijans state firm Socar announced on 30 March that it has started to drill a new appraisal well in the offshore Alt-Deniz field. This is the 23rd well to be drilled in the field and is intended to evaluate deeper reservoirs than those currently in production. The well is expected to be drilled to a depth of 4,900ms. In 2007 Alat-Deniz produced 52,000 tons of crude oil (1,050...