SOCAR opens new offshore well
By Laman Ismayilova
Azerbaijan’s state oil company SOCAR will additionally produce over 5,470 tons of oil per year as it has put into operation a new horizontal well at the Western Absheron field in the Caspian Sea.
The company reported that its daily debit is 15 tons of oil and the oil is extracted within the range of 767-648 meters.
SOCAR produced 6.32 million tons of oil at the country’s fields without foreign companies in January-October 2016, as compared to 6.91 million tons in the same period of 2015.
The company produced 8.16 million tons of oil at those fields in 2015, as compared to 8.32 million tons in 2014.
In total, 41.59 million tons of oil was produced in Azerbaijan in 2015 compared to 42.02 million tons in 2014.
SOCAR includes such production associations as Azneft (the enterprises producing oil and gas onshore and offshore), Azerkimya (the chemical enterprises) and Azerigaz (distributes 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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