BP Amoco details Caspian gas giant discovery

07/19/1999
BP Amoco plc has confirmed a major gas-condensate discovery in the Caspian Sea off Azerbaijan with a wildcat drilled on the Shah Deniz license area.Speculation about a major find on Shah Deniz began in May, when State Oil Co. of the Azerbaijan Republic (Socar) announced that the well had cut gas and condensate pay zones in the Shah Deniz structure (OGJ, June 7, 1999, Newsletter).Major findBP Amoco announced on July 12 that results from the SDX-1 well suggest a significant resource in the structure-enough to justify the early establishment of a joint working group to explore prospects for "material gas exports."A BP Amoco official told OGJ that the most likely estimate pegged reserves at 1...
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