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SOCAR eyes more oil from new offshore platform

20 November 2015 16:27 (UTC+04:00)
SOCAR eyes more oil from new offshore platform

Azerbaijan’s energy giant SOCAR will build a new stationary offshore platform No.140 on the Chilov field for additional 18,250 tons of oil per year.

The company reported that the platform is designed for drilling 10 wells with a daily output of five tons each.

“The facility will be installed at a depth of 5-6 meters,” the message said. “A residential block for 40 people will be built, including modern drilling equipment, a crane, fire alarm system, lifeboats, reservoirs for drinking water and fuel with a volume of 80 and 50 cubic meters and other necessary equipment will be installed.”

“Five diesel generators will be installed on the platform to ensure uninterrupted power supply,” according to the message. “In addition, the platform will meet all environmental requirements.”

SOCAR is drilling both onshore and offshore fields in Azerbaijan to implement a program to stabilize and increase oil production.

In January-September 2015, SOCAR produced 6.21 million tons from the onshore and offshore fields in the country, which is 1.5 percent less than in the same period of 2013.

In 2014, SOCAR produced more than 8.32 million tons versus 8.31 million tons in 2013. In 2014 in total, some 42.4 million tons were produced in Azerbaijan versus 43.5 million tons in 2013.

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