Statoil and SOCAR are expected to come to a final agreement on the appraisal and development of the Karabakh discovery in the Caspian Sea by June. The companies will split the undeveloped find’s working interest and aim to drill an appraisal well in 3Q18. Should drilling get started by then first oil from Karabakh might then follow as soon as 2021. Such speed is possible as Socar has already spent time on initial engineering......
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