Baku, Azerbaijan, Feb. 7
By Maksim Tsurkov – Trend:
Azerbaijan’s state oil company SOCAR will additionally produce 3,650 tons of oil annually through commissioning a new well in the Caspian Sea, SOCAR said in a message posted on its official website Feb. 7.
The well is being drilled on the Oil Rocks offshore field in the Azerbaijani sector of the Caspian Sea.
According to the message, the projected well depth is 1,570 meters. The daily debit is expected to reach 10 tons of oil.
SOCAR produced 7.52 million tons of oil at Azerbaijan’s offshore and onshore fields in 2016, as compared to 8.16 million tons in 2015. Along with SOCAR, foreign companies also extract oil in Azerbaijan. In total, 41.03 million tons of oil were produced in Azerbaijan in 2016, as compared to 41.58 million tons in 2015, according to SOCAR.
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