TODAY.AZ / Business

SOCAR to get more oil from new well

30 November 2015 [12:37] - TODAY.AZ

/By AzerNews/

By Aynur Karimova

Azerbaijan's state energy giant SOCAR will annually receive 29.2 million cubic meters of gas and 5,500 tons of condensate from a new well at the Gunashli field in the shallow part of the Caspian Sea.

“The drilling of the well has started recently. Its design depth is 4,000 meters. The well is planned to be commissioned in early 2016," the company told Trend on November 27.

Azneft Production Association is the customer, while SOCAR-AQS is the drilling contractor.

SOCAR, jointly with foreign partners, is developing the deep-water part of the Gunashli field as part of the Azeri-Chirag-Gunashli block.

SOCAR, which includes production associations Azerneft, made up of companies involved in the production of onshore and offshore oil and gas, Azerkimya, chemical industry enterprises, and Azeriqaz gas distribution, is involved in exploring oil and gas fields; producing, processing, and transporting oil, gas, and gas condensate; marketing petroleum and petrochemical products in the domestic and international markets; and supplying natural gas to the industries and public in Azerbaijan.

Also, SOCAR owns gas stations in Azerbaijan, Switzerland, Georgia, and Ukraine. It has representative offices in Georgia, Turkey, Romania, Austria, Switzerland, Kazakhstan, Britain, Iran, Germany, and Ukraine, along with trading companies in Switzerland, Singapore, Vietnam, Nigeria, and other countries.

URL: http://www.today.az/news/business/145559.html

Print version

Views: 1546

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: