Russian oil company LUKOIL expressed his intention to participate in the development of the Azerbaijani-Turkmen deposit “Pulluga” as an operator, said Minister of Energy of Azerbaijan Pyarkviz Shakhbazov.
On January 21, 2021, a Memorandum of Understanding between the Government of the Republic of Azerbaijan and the Government of Turkmenistan on the joint intelligence, the development and development of hydrocarbon resources of the Torudu field in the Caspian Sea was signed. The NK LUKOIL expressed his intention to participate in the development of the Deluch deposit in as an operator, “said Shahbazov said in an interview with the magazine” Oil and Gas Vertical “
According to experts, the reserves of the Fulluga deposit are estimated at 50 million tons of oil and at least 30 billion cubic meters of gas. According to the representatives of SOCAR, the extraction of hydrocarbon raw materials from the oil field in Caspian can begin within 3-5 years since the final agreement between Azerbaijan and Turkmenistan on the implementation of this project.