Middle East Economic Survey
Socar Says ExxonMobil Will Drill Second Well In Nakhchivan Block
Azerbaijans state-owned oil company Socar said on 19 October that ExxonMobil would drill a second well in the offshore Nakhchivan block in about six months. Socar and ExxonMobil each hold 50% in Nakhchivan where ExxonMobil completed its first well in March 2002. The Nakhchivan-1 exploration well was drilled to a depth of 6,746ms but failed to discover commercial...