Reserves of the Caspian construction “Nakhchivan” exceeded the expected worth – 2024-06-11 12:20:21

by times news cr

2024-06-11 12:20:21

The situation of the Nakhchivan construction on the Azerbaijani Caspian shelf has bigger hydrocarbon reserves than beforehand thought.

As Day.Az reported on Thursday with regards to Development, SOCAR Vice President Arzu Javadova introduced this on the Baku Power Discussion board.

“Just lately, SOCAR carried out a brand new evaluation of Nakhchivan’s assets and it confirmed that its reserves are double or triple the symptoms of earlier research,” Javadova emphasised.

Allow us to recall that in 2001, based mostly on the outcomes of drilling the primary exploration properly on this space by Exxon, the American associate SOCAR introduced reserves that weren’t of economic curiosity. On the identical time, SOCAR specialists consider that the estimated reserves of the Nakhchivan construction are about 300 billion cubic meters of gasoline and 38 million tons of gasoline condensate.

The Nakhchivan construction is positioned within the Caspian Sea, 85-100 km south of Baku in direction of the Kura River delta.

Javadova talked about that this space is positioned within the southern cluster of hydrocarbons within the Caspian Sea, the place the gasoline condensate places of Umid, Babek, Zafar Mashal are additionally positioned, that’s, zones in which there’s sufficient gasoline and condensate.

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