Middle East Economic Survey


No 49



Socar Completing First Appraisal Well In Umid Field

Rovnag Abdullayev, President of the State Oil Company of Azerbaijan (Socar) announced on 24 November that the company is nearing completion of the first of six planned appraisal wells in the Umid field. He said the well was drilled to a depth of 6,500ms and confirmed previous reserves estimates that place the field reserves at approximately 200 bcm [of gas] and 30-40mn tons of...