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ECONOMY

PRE-DRILLING PROGRAM COMMENCES

06.02.2004 [20:49]
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The Azerbaijan International Operating Company (AIOC) commenced the drilling activities within the East Azeri pre-drilling program. The drilling will be conducted form the Dada Gorgud semi-submersible rig which was anchored at the Ea location on 2 February current year.

The first East Azeri (EA) pre-drilling well was spudded on 5 February 2004, following the drilling of a pilot hole. This marks the commencement of the pre-drilling program.

The EA pre-drilling program currently consists of six wells, five of which are planned are producers and one as a cuttings re-injection well. Two of the production wells will have the open hole gravel pack completion installed as part of the pre-drilling program.

The design depth of the wells ranges from 4000 to 5000 m. The programmed well timings range form 31 days per well to 89 days.

The total planned duration of the EA pre-drilling program is 11 months. A further announcement of the future Azeri pre-drilling will be made following a final decision on the scope of a renewed West Azeri program.

The drilling contractor for the Azeri pre-drilling program is the Caspian Drilling Company, which is a joint venture between SOCAR and an international Company, Global Santa Fe.

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