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SOCAR to commission new production platform in Caspian Sea

25 July 2014 09:50 (UTC+04:00)
SOCAR to commission new production platform in Caspian Sea

Azerbaijan's state oil company plans to commission a new production platform on offshore "Chilov" field in the Azerbaijani sector of the Caspian Sea in the near future.

The company reported the platform will be designed to drill 10 wells for oil production.
The field is developed by the 28 May Offshore Oil and Gas Production Unity (OGPU).

The "Chilov" field in the same name island located in the south-west water area of Absheron archipelago, and partly - in the coastal zone. The "Chilov" field was began to developed in 1948. Industrial development of the field started in 1952.

Currently, SOCAR carries out active work to stabilize and increase the production at the fields developed independently.

SOCAR includes Aznseft (production association of companies producing oil and gas on land and sea), Azerkimya (production association of chemical industry enterprises) and Azerigaz (production association of gas distribution enterprises). SOCAR also include a number of processing enterprises, service enterprises, institutions involved in geophysical and drilling operations.

SOCAR is the only producer of oil products in the country (it has two refineries on its balance sheet) and also owns petrol stations in Azerbaijan, Georgia, Ukraine, Romania, and Switzerland.

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