17:51 - 7.10.2021
October 7, Fineko/abc.az. The first oil production at the Karabakh field will begin in 2025, ABC.AZ reports with reference to SOCAR's annual report.
Drilling of appraisal well #KPS-4 was completed at the Karabakh field in March 2020, and the results are currently being analyzed.
It is planned to drill 12 wells with depth of 180 m at the Karabakh field and build 20 deep-water jackets.
Currently, engineering work on the project is ongoing.
"Initial oil production from the field is planned in 2025 according to the updated schedule," the report says.
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