SOCAR drills new well at Oil Rocks field
By Laman Ismayilova
Azerbaijan’s state oil company SOCAR will additionally produce about 3,650 tons of oil annually, thanks to the commissioning of a new well that is being drilled at the Oil Rocks offshore field.
The company reported that the well’s projected depth is 1,750 meters and its daily yield is expected at the level of 10 tons.
In January-October 2016, SOCAR produced 6.32 million tons of oil at Azerbaijan’s offshore and onshore fields, as compared to 6.91 million tons in the same period of 2015.
SOCAR produced 8.16 million tons of oil at those fields in 2015, as compared to 8.32 million tons in 2014. Along with SOCAR, foreign companies also extract oil in Azerbaijan. In total, 41.59 million tons of oil were produced in Azerbaijan in 2015, as compared to 42.02 million tons in 2014, according to SOCAR.
SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, as well as oil and chemical products in domestic and international markets, and supplying natural gas to the industry and the public in Azerbaijan.
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