Middle East Economic Survey

VOL. XLVII

No 48

29-November-2004

CASPIAN

Lukoil Forced To Shift First Well In Azerbaijans Yalama Block

Russias Lukoil has been forced to move its first exploration well in Azerbaijans offshore Yalama D-222 block, according to its partner in the project, Azerbaijans state-owned oil company Socar. A Socar official was quoted by Reuters as saying that drilling was halted at a depth of 1,600ms and the well was abandoned because high water pressure in the reservoir had...