"In the Shallow Water Absheron Peninsula (SWAP) structure, the third exploration well was spudded in the Qarabatdag area on 4 April 2022," APA-Economics reports citing a report published by BP (project operator) on the results of operations in Azerbaijan in the 1Q2022.
"Drilling activities are currently ongoing at the depth of around 770 metres. The second exploration well in the Bibi-Heybat area was drilled to its total depth of 4,230 meters and in mid-March, it was safely plugged and permanently abandoned. The well did not encounter economic hydrocarbons," noted in the report.
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