VOL. XLII

No. 39

27-September-1999

FSU

Shah Deniz Members Extend Exploration Period

The Shah Deniz consortium, led by BP Amoco, agreed during amanagement committee meeting held in Baku on 15 September to extend theexploration period of the offshore Shah Deniz block by one year in order todrill a third test well (SDX 3). The well is needed to confirm what theconsortium has reported as a major natural gas discovery. The consortium痴three-year exploration period was due to expire on 17 October. The...