Baku, Azerbaijan, Nov. 14 / corr Trend S.Aliyev /
SOCAR (State Oil Company of Azerbaijan) intends to launch drilling an exploration well in the perspective offshore field Babek in 2010, SOCAR first vice-president on geology, geophysics, and development Khoshbakht Yusifzade said on Nov.14.
He said that the operations will be carried out with a drilling rig in the Caspian Sea, which will be free next year.
According to SOCAR's forecasts, reserves of Babek are estimated to 300 billion cubic meters of gas and 45 million tons of condensate.
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