Azernews.Az

By Aynur Jafarova

Azerbaijan's state-run oil company SOCAR is planning to set up a new platform at the Caspian sea filed Bulla Deniz.

The Neftegazstroy trust of SOCAR will construct the platform No.122 on the basis of an earlier project accomplished by the company's Project Institute.

The platform will be designed in a way to drill three wells. It will be placed in a water depth of 26 meters. According to the initial estimations, SOCAR can extract about 450 tons of condensate and 2.4 million of cubic meters of gas on a daily.

The platform to be exploited by the Oil and Gas Production Department has been named after N. Narimanov.

It is estimated that Bulla Deniz to contain 17 billion cubic meters of natural gas. SOCAR has been working on the field since 1975. The field currently has 15 operational wells. From 1975 to 2009, SOCAR extracted about 62 million metric tons of gas and 11 million tons of condensate from the field.

Earlier, First Vice-President of SOCAR, Khoshbakht Yusifzade said the new platform will be constructed in the same place where an old platform was set up but destroyed by a fire which broke out at a depth of 5,868 meters back in August 2013. The incident left no casualties among 62 workers on the platform.

Yusifzade noted that the designers of new platform have not envisaged in their plan drilling of new wells from the old platform. According to him, the new platform will be built with enough knowledge about the block reserves at the field, where the well showed a very large debit.

The reserves of the new block, where a high result was achieved, are estimated at 10 billion cubic meters of gas.

Currently, the well rescued after the accident is already in operation, and its daily debit is 1.2-1.3 million cubic meters of gas and 200 tons of condensate.