SOCAR expands development drilling
Azerbaijan's energy giant SOCAR carried out some 10,492 meters of drilling operations (excluding joint ventures and operating companies) in January 2014, compared to 10,629 meters in January 2013.
The company reported that about 10,424 meters of all the drilling works carried out in January 2014, fell to development drilling (around 9,320 meters in January 2013) and 68 meters fell to exploration drilling which amounted to 1,309 meters in January 2013.
SOCAR carried out about 142,656 meters of drilling operations in 2013. Some 135,665 meters of all the drilling works carried out in 2013, fell to development drilling and 6,991 meters fell to exploration drilling.
SOCAR includes the production association Azerneft (companies producing oil and gas on land and sea), Azerkimya (chemical industry enterprises), and Azerigaz (gas distribution).
Jointly with foreign partners, SOCAR participates in major projects such as the development of Azeri-Chirag-Guneshli block of oil and gas fields and the Shah Deniz gas condensate field in the Caspian Sea.
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!