SOCAR commissions new onshore well
Azerbaijan’s state oil company SOCAR has put into operation a horizontal oil well at the Caspian field of Western Absheron, according to a message issued by the company Oct. 27.
The oil well has a daily debit of 20 tons, said SOCAR, adding that oil is extracted from the borehole at an interval of 829-679 meters.
SOCAR is implementing a program to stabilize and increase oil production.
To this end, the company is drilling wells at onshore and offshore fields in Azerbaijan.
From January to September 2015, SOCAR produced 6.21 million tons of oil, or 1.5 percent less than the same period last year.
In 2014, SOCAR produced over 8.32 million tons of oil compared to 8.31 million tons produced in 2013.
Azerbaijan last year produced over 42.4 million tons of oil compared to 43.5 million tons produced in 2013.
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!