Middle East Economic Survey


No 48



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...