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SOCAR drilling new well at Oil Rocks field

Oil&Gas Materials 20 October 2016 17:05 (UTC +04:00)
Azerbaijan’s state oil company SOCAR will produce nearly 3,650 tons of oil annually through commissioning a new well, which is being drilled at the offshore Oil Rocks field
SOCAR drilling new well at Oil Rocks field

Baku, Azerbaijan, Oct. 20

By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR will produce nearly 3,650 tons of oil annually through commissioning a new well, which is being drilled at the offshore Oil Rocks field, SOCAR said in a message Oct. 20.

The project depth of the well is 1,380 meters and the daily debit is expected to reach 10 tons of oil.

SOCAR produced 5.06 million tons of oil at Azerbaijani fields, where it works independently without foreign companies’ participation, in January- August 2016 as compared to 5.54 million tons in the same period of 2015.

SOCAR produced 8.16 million tons of oil at those fields in 2015 compared to 8.32 million tons in 2014. In total, 41.59 million tons of oil was produced in Azerbaijan in 2015, compared to 42.02 million tons in 2014, according to SOCAR.

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Follow the author on Twitter: @MaksimTsurkov

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