TODAY.AZ / Business

SOCAR launches horizontal well in Caspian Sea

13 January 2014 [14:00] - TODAY.AZ
Azerbaijan's state oil company SOCAR has commissioned the first horizontal well in the shallow-water part of the Guneshli field in the Azerbaijani sector of the Caspian Sea.

The company reported that the well's daily debit is 260 tons of oil and 20,000 cubic meters of gas. The well is on the balance of the 'May 28' Oil and Gas Production Unit (OGPU) of SOCAR.

SOCAR plans to drill 20 new wells to increase production in the shallow part of Guneshli oil and gas field.

The deep-water part of Guneshli field is being developed by SOCAR jointly with foreign companies in the Azeri-Chirag-Guneshli block of oil and gas fields.



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