SOCAR to drill 4 new wells at Gunashli field
By Laman Ismayilova
Azerbaijan’s state oil company SOCAR will additionally produce about 116,800 tons of oil and 14.6 million cubic meters of gas through drilling of four new wells at the Gunashli offshore field, the company reported.
SOCAR successfully continues the reconstruction of platform #11 at the field in this regard.
Each of the four wells is expected to give 80 tons of oil and 10,000 cubic meters of gas per day.
SOCAR produced 1.85 million tons of oil from offshore and onshore fields in January-March 2017 as compared to 1.9 million tons in the same period of 2016.
The company produced 7.52 million tons of oil from Azerbaijan’s onshore and offshore fields in 2016, as compared to 8.16 million tons in 2015. In total, 41.03 million tons of oil was produced in Azerbaijan in 2016, as compared to 41.58 million tons in 2015.
SOCAR is involved in upstream, midstream and downstream operations. Its main functions pertain to the extraction, refining, transportation of oil, gas and gas condensates, and sale of gas and oil and gas products.
SOCAR is 100 percent owned by the government of Azerbaijan. SOCAR participates in joint ventures (including ventures in Georgia and Turkey), consortia, and operating companies established with SOCAR’s participation.
The company includes such production associations as Azneft (the enterprises producing oil and gas onshore and offshore), Azerkimya (the chemical enterprises) and Azerigas (distributor of gas produced in the country), as well as oil and gas processing plants, service companies, and the facilities involved in geophysical and drilling operations.
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