BAKU, Azerbaijan, June 6. New projects are being considered for the Satti drilling rig, a source familiar with the matter told Trend.
The source pointed out that the Satti rig is currently warm stacked.
"Projects are being evaluated to engage this rig. One of them is the drilling of an exploration well at Umid-Babek block, but a final decision has not been made at the moment. Projects in Turkmenistan are also being considered in collaboration with KazMunaiGas. The state oil company SOCAR, has plans for drilling production and exploration wells. Once a decision is made, we will participate in the implementation of these projects," stated the source.
The Satti rig drilled three exploration wells as part of the Shallow Water Absheron Peninsula Development Project (SWAP). No hydrocarbon reserves were found, and on May 25, 2022, the third exploration well, QBDX01, was plugged. The QBDX01 exploration well represented the final stage of planned activities under the SWAP exploration drilling program. The operation of the jack-up drilling rig Satti was discontinued as part of the program.
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