BP to complete Shafag-Asiman 3D data processing in 18 months

(Baku Daily) - In early 2012, the Gilavar seismic vessel completed the planned 3D seismic acquisition on the Shafag-Asiman structure. This was the first 3D seismic ever conducted on the Shafag-Asiman contract area. Since that time we had been processing the acquired data. This processing is believed to be the largest 3D survey ever processed in-country, BP said.

In 2014, BP completed the data processing and started interpretation of the seismic dataset, which will require some 18 months to complete. This will be followed by another year required for planning of the first exploration well. 

The Shafag-Asiman production sharing agreement (PSA) between BP and SOCAR on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the Caspian Sea was signed in Baku in October 2010.

The block lies some 125 kilometres (78 miles) to the South-East of Baku. It covers an area of some 1,100 square kilometres. It is located in a deep-water section of about 650-800 metres with reservoir depth of up to 7,000 metres.