SOCAR suspends exploration works

  14 October 2015    Read: 1414
SOCAR suspends exploration works
"Our main shortage is lack of floating drilling rig. I say as a geologist that this prevents our works", SOCAR Vice-President Khoshbakht Yusifzade.
According to him, the exploration works have been suspended: “Therefore, we are waiting for floating drilling rig for exploitation of Absheron, Zafar-Meshel and other fields.

First floating drilling rig will be made in 2018. Our three floating drilling rigs are used by BP for subsea drilling works on Shahdeniz-2. This is for our common work. We cannot do anything after subsea drilling extended. Therefore, the exploration works are suspended”.

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