Baku 17° C
Permission provided to commence drilling activities in Shallow Water Absheron
Energy
- 29 April, 2021
- 11:30
Add Report.az to preferred Google sources
Stay up to date with the top news!
In the Shallow Water Absheron Peninsula (SWAP) area, preparations are ongoing for drilling exploration wells in three prospective areas, Report informs, with reference to BP-Azerbaijan.
The Environmental and Socio-economic Impact Assessment (ESIA) for the first SWAP well was disclosed in August 2020 and following public discussions was approved by the government in January 2021 providing permission to commence drilling activities in 2021.
On December 22, 2014, SOCAR and BP signed the Production Sharing Agreement (PSA) on joint exploration and development of potentially promising structures in the shallow water areas of the Absheron peninsula.
Author
Latest News
23:52
Georgian PM says opposition alliance had no prospects
Region
23:47
Photo
Azerbaijan's Victory Day celebrated in Ankara
Foreign policy
23:29
Photo
Video
Sites of Memory of Western Azerbaijan: Traces of Azerbaijani Heritage in Saral Village
Domestic policy
23:06
Eight killed, three injured in four-vehicle crash in Armenia
Region
22:39
Reuters: US billionaire leads securities swap plan to buy Lukoil's overseas assets
Other countries
22:18
Kobakhidze says Georgia seeks European integration with dignity
Region
22:07
Greenland parliament ratifies US security agreement
Other countries
21:34
Baku's private house prices rise 13.2% in October
Infrastructure
21:11
Azerbaijan, Latvia hold consular consultations in Riga
Foreign policy