SOCAR commissions new offshore oil well
Azerbaijan’s state oil company SOCAR will additionally produce about 11,000 tons of oil daily by commissioning a new well at the offshore field Guneshli, the company reported on February 5.
Oil is extracted from the well within the range of 3050-3011 meters, the company said.
Guneshli field plays an important role in Azerbaijan’s oil and gas industry. The field’s shallow part is developed by SOCAR independently, while the deepwater part – within the Azeri-Chirag-Guneshli block – is developed jointly with foreign partners.
SOCAR is implementing a program to stabilize and increase oil production. The company produced 8.16 million tons of oil in 2015, compared to 8.32 million tons produced in 2014.
Some 41.59 million tons of oil were produced in Azerbaijan in 2015 compared to 42.02 million tons produced in 2014.
Some 31 million tons of oil was extracted from the giant Azeri-Chirag-Gunashli field, 2.3 million tons from the Shah Deniz field (condensate) and 8.2 million tons by Azerbaijan's state energy company SOCAR.
Earlier Energy Minister Natig Aliyev said SOCAR's gas production for the current year is projected at 6.3 billion cubic meters. Also gas production from the Shah Deniz field is expected at 10.1 billion cubic meters and from the ACG field - at 12.9 billion cubic meters.
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