State Oil Company of Azerbaijan (SOCAR) has completed drilling of two exploration wells in Nakhchivan Autonomous Republic (NAR) to create underground gas storage.
SOCAR said that drilling of exploration wells No 1 and No 2, which started on January 11, 2013 on the Tumbul-Negram salt field, has been completed.
Drilling of the exploration well No 4 with the target depth up to 580 meters started last week.
SOCAR reported that in 2014 it is planned to drill two exploration wells on the field. 2D and 3D seismic surveys have been carried out there earlier.
SOCAR senior Vice President Khoshbakht Yusifzada said earlier that the initial results proved economic advisability of creation of the underground storage with the capacity of 200-300 million cub.m. of gas on the salt field in Negram village.
* Nakhchivan Autonomous Republic (NAR) consumes in average about 1 million cub.m. of gas a day.—0—
Economics
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