On October 29 in the evening State Oil Company of Azerbaijan (SOCAR) had to suspend the works on the well No 90 on the gas condensate field Bulla Deniz, which has been recently launched after the accident, a reliable source from SOCAR told Caspian Barrel.
The same source said that the accident occurred on the well 90, after which it was decided to temporarily suspend gas supply from the well to the system.
The initial analysis showed that the cause of the accident was growth of hydrostatic pressure on the bottom part of the well.
During the well drilling there was abnormal geological pressure on the depth of about 5800 metres. The drilling progress totaled 5868 meters.
SOCAR’s specialists have been working to solve the problem.
* On August 18, 2013 there was an accident during drilling of the exploration well on the Bulla Deniz field, which has caused ignition. The fire was extinguished only after 67 days. On October 23 in the evening the fire was extinguished and the first gas was supplied into the system via the underwater infrastructure.—0--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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