SOCAR launches new oil well
Azerbaijan’s energy giant SOCAR will produce nearly 11,000 tons
of oil and over 5.8 million cubic meters (mcm) of gas annually by
putting into operation a new well on Oil Rocks offshore field,
SOCAR said.
Oil is extracted from the well bore within the range of 2557-2565
meters, the company said.
SOCAR is currently implementing a program to stabilize and increase
oil production.
SOCAR produced 647,000 tons of oil from the country’s offshore and
onshore fields in January 2016, compared to 712,300 tons produced
in the same period of 2015.
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