SOCAR has decided to build a new production platform on the gas condensate field Bulla Deniz, where the well caught fire during the exploration drilling in August 2013, but new productive gas horizons were discovered on the depth of about 6,000 meters.
According to SOCAR, the new platform No 122 will be built by Neftegasstroi trust, which belongs to SOCAR.
The platform is designed by SOCAR’s Project Institute, which was ordered by the Narimanov oil and gas production company.
The new platform will be used to drill three operation wells. The platform will consist of 10 blocs and will be installed on the sea depth of 26 meters.
2.4 million cub.m. of gas and 450 tons of condensate a day is planned to be extracted from the platform.
The Bulla Deniz offshore field was discovered in 1973 and was put into operation in 1975. The field is operated by the Narimanov oil and gas production company.—0-
Economics
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By the end of 2024, inflation in Azerbaijan is projected at 5.1%, increasing to 5.8% in 2025, as per the Central Bank's announcement. Just six months ago, in April, the bank had forecasted inflation at 3.5% for 2024 and 4.2% for 2025.
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The Cabinet of Ministers of Azerbaijan has approved the charter of the "Tourism and Recreation Zones Management and Development Center," a public legal entity under the State Tourism Agency. The decision, made on November 4, is intended to fulfill the requirements outlined in the presidential decree from August 2, 2024.
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A new desalination plant to produce drinking water is set to be built in Sumgait, Azerbaijan, as part of a project aimed at meeting increasing water demands in Baku and the Absheron Peninsula. The project was announced on November 5 during a bid-opening ceremony for proposals submitted in a tender for the plant’s development, according to the Turan news agency.
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Heydar Aliyev International Airport (GYD) has solidified its role as a critical transit hub for Azerbaijan, connecting Baku to over 80 international destinations across more than 30 countries. With routes linking major European cities like London, Paris, and Rome, as well as strategic points in the Middle East, Central, and South Asia, the airport has become central to Azerbaijan’s tourism and transit expansion.
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