SOCAR commissions new well on Umid field
Azerbaijan's state oil company SOCAR has commissioned a second production well on the Umid gas condensate field in the Azerbaijani sector of the Caspian Sea.
SOCAR said the well's depth constituted 6,309 metres. The well was commissioned with a daily debit of 800,000 cubic meters of gas and 200 tons of condensate.
SOCAR announced the opening of Umid field in 2010. According to the results of drilling of the first exploration well, the volume of the field reserves hit over 200 billion cubic meters of gas and 40 million tons of condensate, SOCAR specialists said.
The Umid field is located 75 kilometers from Baku, 40 kilometers away from the coast. The first geophysical work was carried out there in 1953. The operations were also conducted in 1972 by using modern methods. Nine wells were drilled from 1977 to 1992 there, none of which gave results.
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