On Friday, the operation for connecting to the product delivery system of the saved well on the offshore field Bulla Deniz in the Azerbaijani sector of the Caspian Sea was completed, Turan reported from the State Oil Company of Azerbaijan (SOCAR).
Thus, the oilmen will continue to ensure the supply of drilling and gas in the delivery system. According to experts, this is a rare event in the world, when the accident accompanied by strong fire was liquidated within two months and the well was put into operation.
Saving the well was carried out jointly by SOCAR experts and the American company BOOTS & COOTS.
Note that the fire on the exploration well number 90 on the Bulla Deniz field began on 17 August 2013. It was put out only in the evening on October 23 of this year. -12D
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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