Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/spot_news/timan-partner-needed-to-tap-caspian.shtmlTiman partner needed to tap Caspian
London-based Timan Oil & Gas has an offer of an offshore drill rig from Azeri state oil company SOCAR, if it can find a farm-in partner for a Block 2 drilling program in the Caspian Sea.
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London-based Timan Oil & Gas has an offer of an offshore drill rig from Azeri state oil company SOCAR, if it can find a farm-in partner for a Block 2 drilling program in the Caspian Sea.
The jack-up rig Khazar awaits Timan business Geotermneftegaz in the Russian Caspian sector provided an-company partner can pay the bill, it was understood Wednesday.
While the Block 2, Izerbash acreage is believed to hold much promise, the company focus remained getting “the Timan-Pechora Nizhnechutinskoye (NGPT field) to pilot production".
At least nine prospective leads have been identified on the Izberbash Block totalling “500 MMbbls of oil potential”. A closer evaluation of reserves is due out late in 2007 by Houston-based consultants Miller & Lents.
