SOCAR ups production in Caspian Sea
During an increase of production at the shallow part of the Guneshli field, State Oil Company of Azerbaijan (SOCAR) plans to drill some 20 new wells, a message posted on the official website of the State Oil Company said.
According to the message, six out of the total number of wells planned for drilling have already been commissioned and currently five are being drilled. Construction and installation work are being carried out for drilling of the remaining wells.
Work at the Guneshli field is carried out within SOCAR's plan for stabilization and increase of production volumes in 2013-2015 at the fields being developed by the company independently.
The deep-water part of the Guneshli field is being developed by SOCAR jointly with foreign companies at Azer-Chirag-Guneshli oil and gas fields' block.
SOCAR includes Azneft (companies producing oil and gas on land and sea), Azerkimya (chemical industry) and Azerigas (gas distribution) production associations. The State Oil Company also includes a number of processing and service enterprises, as well as institutions engaged in geophysical and drilling activities.
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