TODAY.AZ / Business

SOCAR ups volume of development drilling

05 February 2014 [15:15] - TODAY.AZ
The State Oil Company of Azerbaijan (SOCAR) carried out some 10,492 meters of drilling operations (excluding joint ventures and operating companies) in January 2014, compared to 10,629 meters in January 2013, a message published by SOCAR on Feb.4 said.

Some 10,424 meters of all the drilling works carried out in January 2014, fell to development drilling (around 9,320 meters in January 2013) and 68 meters fell to exploration drilling which amounted to 1,309 meters in January 2013, SOCAR said.

SOCAR carried out some 142,656 meters of drilling operations in 2013. Some 135,665 meters of all the drilling works carried out in 2013, fell to development drilling and 6,991 meters fell to exploration drilling.

SOCAR includes the production association Azerneft (companies producing oil and gas on land and sea), Azerkimya (chemical industry enterprises), and Azerigaz (gas distribution).

Jointly with foreign partners, SOCAR participates in major projects such as the development of Azeri-Chirag-Guneshli block of oil and gas fields and the Shah Deniz gas condensate field in the Caspian Sea.



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