Difference between revisions of "Ashrafi field"
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Latest revision as of 15:44, 27 April 2025
Ashrafi field is an oil and gas field located Template:Convert northeast of Baku, Azerbaijan, west of Karabakh field, in the northern section of Absheron archipelago.<ref name=kazakhstan>Template:Cite news</ref><ref name=interfax>Template:Cite news</ref>
Contents
Dan Ulduzu-Ashrafi bloc
The Production sharing agreement (PSA) for exploration, development and production between SOCAR and NAOC consortium for Dan Ulduzu-Ashrafi bloc was signed on December 14, 1996. The contract area is 453 km2.<ref>Template:Cite news</ref> The water depth on location is Template:Convert - Template:Convert.<ref name=kazakhstan/> According to the agreement, 3 exploration wells would be drilled and if successful, the production would start in 2003 with an intended output to reach 7 million tons per year by 2007. Azerbaijan would also have been paid $75 million in bonuses. Total capital investment was estimated to be at $2.5 billion.<ref>Template:Cite news</ref> After drilling of 3 exploration wells, 2 million tons of oil was discovered at Dan Ulduzu and 6 million tons was found at Ashrafi field in January 1998.<ref>Template:Cite book</ref> During the exploration stage, in 1998-2001, the price for barrel of oil was below $20.<ref name=kaspiy>Template:Cite web</ref> Due to low energy prices, the bloc was not considered commercially viable and was thus abandoned.<ref>Template:Cite news</ref> On March 7, 2000 the contract for exploration ended and was not renewed by the consortium.<ref name=interfax/>
Ownership
The project was operated by North Absheron Operating Company (NAOC) which consisted of the operator Amoco (acquired by BP) (30%) and partners SOCAR (20%), Itochu (20%), Unocal (25.5%), Delta Oil Company (4.5%).<ref name=Trend>Template:Cite news</ref> The company had spent a total of $64.5 million for exploration.<ref name=kaspiy/> The initial right for development of the field was granted to Amoco and Unocal in 1992. The other partners joined in mid-1990s.<ref>Template:Cite web</ref>
Drilling renewed
In early 2004, SOCAR confirmed plans to revitalize the project at Dan Ulduzu and Ashrafi fields in 2007.<ref>Template:Cite news</ref> SOCAR intends to drill 19 wells by 2015 which will require an investment of 2.76 billion Azerbaijani manats.<ref>Template:Cite news</ref><ref>Template:Cite web</ref> In 2007, SOCAR signed a Memorandum of understanding with the German company Wintershall for exploration works at Ashrafi.<ref name=Trend-2>Template:Cite news</ref> Currently, the drilling is being carried out by semi submersible drilling vessel Dede Qorqud of Caspian Drilling Company, contracted by SOCAR.<ref>Template:Cite web</ref><ref>Template:Cite web</ref>
