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LUKoil to start exploration in Azeri section of Caspian Sea soon.

Asia Africa Intelligence Wire

| October 22, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AssA-Irada)

Russia's LUKoil company is expected to start drilling of the first exploratory well in the "Yalama" structure in the Azerbaijani section of the Caspian Sea shortly. Drilling and development operations on the well with a projected depth of 4,500 meters will be carried out from the Heydar Aliyev semi-submersible drilling rig. $60 million is to be spent on development operations. 150,000 tons of oil is …

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