BAKU, Azerbaijan, March 17
By Leman Zeynalova – Trend:
The preliminary results of interpretation of 2D and 3D seismic exploration at Ashrafi-Dan Ulduzu-Aypara (ADUA) perspective structure give ground to talk about more than expected oil and gas reserves there, Trend reports citing Azerbaijan’s state oil company SOCAR.
An exploration well may be drilled in the near future to get accurate figures of oil and gas reserves in the structure.
Exploration work at ADUA commenced in the second half of 2018 and 2D and 3D seismic exploration was completed in 2019. The results were processed in 2020 and currently, their interpretation is ongoing.
The ADUA exploration area is located around 50 kilometers east of Baku, around 14 kilometers to the east of Azerbaijani mainland (Absheron peninsula), and approximately 7 kilometers to the east of Azerbaijan’s Pirallahi and Chilov islands, in water depth varying between 20 and 225 meters.
Azerbaijan’s state oil company SOCAR and Statoil Azerbaijan (part of the Equinor group) signed a Production Sharing Agreement (PSA) for the Ashrafi-Dan Ulduzu-Aypara (ADUA) exploration area on May 30, 2018.
In May 2020 Equinor decided to postpone the drilling of the Aypara prospect due to challenges in operating during the current COVID-19 context.
Equinor believes that the decision to postpone the drilling will provide more time to interpret the seismic data acquired in the Ashrafi-Dan Ulduzu-Aypara license during 2019 and evaluate prospectively in the license.
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