TODAY.AZ / Business

SOCAR starts drilling well at large field in Caspian Sea

26 February 2014 [11:48] - TODAY.AZ
State Oil Company of Azerbaijan Republic (SOCAR) has started drilling a new well in the shallow part of Guneshli field, with a projected depth of 3030 meters, according to a message from SOCAR.

The field is managed by 'May 28' Oil and Gas Production Unit of SOCAR.

Geologists estimated that the well's expected daily debit will be 80 tons, according to the message.

The well's drilling is being conducted by SOCAR Complex Drilling Works Trust.

SOCAR planned to drill 20 new wells for increasing oil and gas production in Guneshli field's shallow part.

Deepwater part of the Guneshli field is being developed by SOCAR jointly with foreign companies operating at the Azeri-Chirag-Guneshli block of oil and gas fields.

Earlier SOCAR prepared a program for 2013-2015 to stabilize and increase the production volume at the fields that are developed independently by this company.

In 2013, SOCAR produced over 8.31 million tons of oil from Azerbaijan's onshore and offshore fields, versus 8.24 million tons in 2012.

In total some 43.48 million tons of oil was produced in Azerbaijan in 2013, versus 43 million tons in 2012, according to SOCAR.



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