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SOCAR opens new well in Caspian Sea

25 June 2014 10:05 (UTC+04:00)
SOCAR opens new well in Caspian Sea

Azerbaijan's state energy company has commissioned a new well at the shallow-water part of the Guneshli field.

The company reported that the well, located on the "Gunashli-13" platform was included in the operational fund with daily debit of 85 tonnes of oil.

"Guneshli" plays an important role in the oil and gas industry of Azerbaijan. The shallow part of the deposit is developed by SOCAR independently and the deep part - in the part of the "Azeri-Chirag-Guneshli" block - together with foreign partners.

SOCAR has planned the drilling of some 20 new wells, within the framework of increasing of oil and gas production in the shallow part of "Guneshli" field. Along with the drilling of new wells, repair work on the old wells is being carried out in the field.

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

In total, some 43.48 million tonnes of oil was produced in Azerbaijan in 2013, versus 43 million tonnes in 2012, according to the company.

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