A fire at the offshore gas condensate field, Bulla-Deniz, in the Azerbaijani sector of the Caspian Sea which broke out on the night of Aug. 18, is still burning SOCAR told Turan this morning.,
Steps are being taken to resist and extinguish the fire. This work involves special services and specialists from SOCAR and BP.
The head of SOCAR, Rovnag Abdullayev, held a meeting on steps being taken to extinguish the fire.
The fire started in exploration well number 29 during drilling at a depth of about 6 km.
"There has been open gushing gas, which caught fire," the website of SOCAR says.
All workers on the platform were evacuated. Bulla-Deniz is in open sea, 80 km south of Baku. -03D-
Economics
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Azerbaijan’s oil and condensate production and exports saw a marked decrease during the period from January to September 2024, continuing a downward trend compared to previous years.
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Investments in fixed assets in Azerbaijan totaled 12.7 billion manats ($7.5 billion) in the first nine months of 2024, down 3.9 percent compared to the same period last year, the State Statistics Committee said on Monday. Investment in the oil and gas sector fell by 8.4 percent, while investment in the non-oil and gas sector dropped by 1.6 percent.
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Industrial production in Azerbaijan rose by 1.3% year-on-year in the first nine months of 2024, reaching 47.8 billion manats ($28.2 billion), the State Statistics Committee reported on Monday. The growth was driven by a 0.6% increase in the oil and gas sector and an 8.7% rise in the non-oil and gas sector.
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As of September 2024, the labor market in Azerbaijan has demonstrated active activity, total employment has reached 1,754.9 thousand people. The labor force is almost equally divided between the state and non-state sectors, which employ 878.3 thousand and 876.6 thousand people, respectively, according to the State Statistics Committee.
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