Release date: 15 January 2020
BP announced today that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea on 13 January. BP is operator and holds a 50% interest in the Shafag-Asiman production sharing agreement (PSA) with partner SOCAR holding a 50% interest.
The SAX01 well is the first to be drilled in the contract area and is in accordance with BP's obligations under the PSA that was ratified by the Azerbaijani parliament in 2011.
The well is planned to reach total depth of up to 7,000 metres, which is expected to take around nine months. Following this, well data will be analysed and, if successful, an evaluation programme may be conducted to confirm the results.
Gary Jones, BP's regional president for Azerbaijan, Georgia and Turkey, said: "We are excited and proud to be embarking on this first exploration well on Shafag-Asiman – a structure which has significant potential for a large-scale gas discovery. A great deal of preparation has been made to assure a safe and robust drilling programme."
The well is being drilled from the Heydar Aliyev semi-submersible rig operated by the Caspian Drilling Company (CDC). The rig, which has full managed-pressure drilling capability, was contracted for the SAX01 well in November 2019 and then moved to the well location in preparation for the commencement of drilling operations.
Tamam Bayatly, BP press office, Baku :+994 12 525 58 95
BP press office, London: +44 (0)20 7496 4076, email@example.com