Shallow Water Absheron Peninsula
From Kazakhstan Encyclopedia
Shallow Water Absheron Peninsula (SWAP) is a PSA signed on 22 December 2014 between SOCAR and BP on the joint exploration and development of potential prospects in the shallow water area around the Absheron peninsula.[1] The contract was ratified by the Azerbaijani parliament on 14 April 2015.[2]
The PSA contract area covers 1,900 km2 and stretches along the margins of the Caspian basin to the south of the Absheron peninsula.[3] The acreage features water depths of up to 40 metres with potential reservoir depths of 3,000-5,000 metres.[4][5] The development term is 23 years with possible extension.[6]
References
Template:Portal Template:Energy in Azerbaijan
Template:Coord missing
Cite error: <ref> tags exist, but no <references/> tag was found
