Azernews.Az

By Kamila Aliyeva

Azerbaijan's state oil company SOCAR will additionally produce 40.15 million cubic meters of gas and 5.84 tons of condensate annually due to the commissioning of a new well at the Guneshli offshore field, the state company reported on June 9.

Well No.31 was drilled from the new platform No.11.

Gas with a flow rate of 110,000 cubic meters per day and condensate with a production rate of 16 tons per day are extracted in the interval of 3,998-3,940 meters, the report said.

The Guneshli field plays an important role in the oil and gas industry of Azerbaijan. Shallow part of the field is developed by SOCAR independently, while deep-water part of the field is a part of the Azeri-Chirag-Gunashli (ACG) block which is developed jointly with foreign partners.

Azerbaijan's state energy company SOCAR, which is keen on expanding operations in the retail oil products market abroad, is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in the domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.

The company produced 2.46 million tons of oil at Azerbaijan’s offshore and onshore fields in January-April 2017, as compared to 2.52 million tons in the same period of 2016.

SOCAR produced 7.52 million tons of oil from Azerbaijan’s onshore and offshore fields in 2016, as compared to 8.16 million tons in 2015.

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.

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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

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