SOCAR to drill new well at Oil Rocks field
By Trend
Azerbaijan’s state oil company SOCAR has started drilling of the first well from the new platform #620 at the country’s oldest Oil Rocks field, SOCAR reported on April 3.
The company will additionally produce about 3,650 tons of oil and 365,000 cubic meters of gas through commissioning of the new well.
The projected well depth is 1,630 meters. The daily debit is expected to reach 10 tons of oil and 1,000 cubic meters of gas.
SOCAR produced 1.22 million tons of oil at Azerbaijan’s offshore and onshore fields in January-February 2017, as compared to 1.25 million tons in the same period of 2016.
Along with SOCAR, foreign companies also extract oil in Azerbaijan. In total, 41.03 million tons of oil was produced in Azerbaijan in 2016, as compared to 41.58 million tons in 2015, according to SOCAR.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!