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SOCAR FAILS TO FULFILL EXPLORATION DRILLING TARGET BY OVER 60%

Oil&Gas Materials 9 July 2005 12:50 (UTC +04:00)

In January to June the State Oil Company of Azerbaijan failed to full the target on exploration well drilling, the SOCAR told Trend. The drilling units of

SOCAR spudded 660 meters, 62.1% down as compared to last year.

In June the SOCAR drilled 300 meters against the target of 60 meters. The exploration work was implemented only by the Department of Topography and Complex Geological Exploration (DTCGE).

Comparative table of exploration drilling by the SOCAR in Jan-Jun 2005 is as follows:

Drilling units of SOCAR January вЂ" June 2005 (meters) +/- in % as of 2004
Bayil Limani 0 0
Gum Adasi 0 0
Neft Dashlari 0 0
Absheron 0 0
Gobustan 0 0
Absheronneft 0 0
Siyazanneft 360 -37,7
Bulla Daniz 0 0
DTCGE 300 -57,3

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