Gas condensate resource in Shafag-Asiman needs evaluation

On the Shafag-Asiman offshore block, the drilling of the first exploration well was completed in March 2021 to the base of the Fasila reservoir to a depth of 7,189 metres, BP-Azerbaijan told Report.

The well encountered gas condensate resource in the penetrated reservoirs. However, the resource will need further evaluation and therefore it was decided to suspend the well to allow the evaluation of its results and the planning of the next steps for appraisal, potentially including a sidetrack appraisal well.

The agreement on the Shafag-Asiman block was signed in October 2010. The agreement between BP and the State Oil Company of Azerbaijan (SOCAR) covers 30 years. The share of each company in the contract is 50%. The block is located 125 km south-east of Baku. It is assumed that there are gas reserves here.