Dan Ulduzu field is an oil and gas field located 105 km (65 mi) northeast of Baku, Azerbaijan, west of Karabakh field, in the northern section of Absheron archipelago.[1][2] In Azerbaijani, Dan Ulduzu means Pole Star.
| Dan Ulduzu | |
|---|---|
| Country | Azerbaijan |
| Location | near Absheron peninsula |
| Offshore/onshore | offshore |
| Operator | SOCAR |
| Partners | Amoco (30%), SOCAR (20%), Itochu (20%), Unocal (25.5%), Delta Oil Company (4.5%) |
| Field history | |
| Discovery | 1970s |
| Start of development | 1997 |
| Production | |
| Estimated oil in place | 40 million tonnes (~ 50×106 m3 or 300 million bbl) |
| Estimated gas in place | 25×109 m3 (880×109 cu ft) |
| Producing formations | Upper Cretaceous |
Dan Ulduzu-Ashrafi bloc
editThe 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.[3] The water depth on location is 160 metres (520 ft) – 180 metres (590 ft).[1] According to the contract, 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 at $2.5 billion.[4] 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.[5] During the exploration stage, in 1998-2001, the price for barrel of oil was below $20.[6] Due to low prices, the bloc was not considered commercially viable.[7] On March 7, 2000, the contract for exploration ended and was not renewed by the consortium.[2]
Ownership
editThe project was operated by North Absheron Operating Company (NAOC) which consisted of the operator Amoco (acquired by BP) (30%), SOCAR (20%), Itochu (20%), Unocal (25.5%), Delta Oil Company (4.5%).[8] The company had spent a total of $64.5 million on exploration.[6] The initial right for development of the field was granted to Amoco and Unocal in 1992. The other partners joined in during the mid-1990s.[9]
Drilling renewed
editIn early 2004, SOCAR confirmed plans to revitalize the project at Dan Ulduzu and Ashrafi fields in 2007.[10] SOCAR intends to drill 19 wells by 2015, which will require an investment of 2.76 billion Azerbaijani manats.[11][12] Currently, the drilling is being carried out by Caspian Drilling Company, contracted for various projects by SOCAR.[13]
See also
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References
edit- ^ a b "Подписание новых нефтяных контрактов в рамках нефтегазовой выставки Caspian Oil&Gas-2004 не планируется - президент ГНКАР" [Signing of any contracts during Caspian Oil&Gas-2004 is not being planned - President of SOCAR]. Kazakhstan Today. 2004-05-12. Archived from the original on 2011-07-22. Retrieved 2010-06-28.
- ^ a b "AFR Azərbaycanla enerji sahəsində əməkdaşlığın intensivləşdirilməsinin tərəfdarıdır" [Germany is interested in intensifying cooperation with Azerbaijan in the energy sector]. Interfax Azerbaijan. 2007-05-22. Archived from the original on 2011-07-06. Retrieved 2010-06-28.
- ^ Betty Blair (Summer 1998). "Dan Ulduzu and Ashrafi. No longer in operation after April 1999". Azerbaijan International. Retrieved 2010-06-28.
- ^ Betty Blair (Winter 1996). "Fourth Oil Consortium Signed. Dan Ulduzu and Ashrafi Prospects". Azerbaijan International. Retrieved 2010-06-28.
- ^ Huseynov, Vagif (2002). Caspian oil. Economy and Geopolitics. New York: OLMA-PRESS. p. 52. ISBN 5-224-03880-4. Retrieved June 28, 2010.
- ^ a b "Нет худа без добра. "Ашрафи" нашло судьбу" [Good things happen. Ashrafi found its destiny]. Archived from the original on 2011-07-06. Retrieved 2010-06-28.
- ^ I. Mammedli (2007-05-25). "ОБСУЖДЕНЫ ВОПРОСЫ УЧАСТИЯ В МЕЖДУНАРОДНОЙ ВЫСТАВКЕ "НЕФТЬ И ГАЗ КАСПИЯ"" [Issues related to Caspian Oil and Gas Expo are discussed]. Vyshka. Retrieved 2010-06-28.
- ^ "Wintershall Azərbaycanın dəniz yatağında kəşfiyyat quyusu qaza bilər" [Wintershall might start drilling in Azerbaijani oil field]. Trend News Agency. 2007-03-02. Archived from the original on 2011-08-12. Retrieved 2010-06-28.
- ^ "Speech of Heydar Aliyev on PSA agreement with foreign investors". Archived from the original on 2011-07-24. Retrieved 2010-06-28.
- ^ "ГНКАР приступит к освоению месторождений "Карабах" и "Ашрафи-дан улдузу"" [SOCAR will start development of Karabakh and Ashrafi-Dan Ulduzu fields]. Day.az. 2004-04-12. Retrieved 2010-06-28.
- ^ Nurlana Guliyeva (2006-02-17). "Contract of the century, or a day longer than a century..." Region Plus. Archived from the original on 2011-07-06. Retrieved 2010-06-28.
- ^ "SOCAR. Oil Strategy of Azerbaijan: successes and perspectives". Archived from the original on 2008-08-04. Retrieved 2010-06-28.
- ^ "Caspian Drilling Company. Our Company". Retrieved 2010-06-28.
External links
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