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SOCAR builds new facility at oldest field in Caspian Sea

Economy Materials 23 October 2015 19:01 (UTC +04:00)
The SOCAR company has completed the construction of platform No.1954A on the Oil Rocks offshore oil field
SOCAR builds new facility at oldest field in Caspian Sea

Baku, Azerbaijan, Oct. 23

By Maksim Tsurkov - Trend:

The SOCAR company has completed the construction of platform No.1954A on the Oil Rocks offshore oil field, said the message of the SOCAR company, posted on its website.

The message said that the platform is designed for drilling 10 wells and is located on a site with a sea depth of 17 meters. It is expected that the total daily production rate of wells to be drilled from this platform, will be 100 tons.

"Five basic blocks, four interstitial sections, six landing and berthing areas were installed during the construction," said the message. "An overpass with a length of 28 meters was also built, 384 concrete slabs installed, 30 piles were hammered under the support blocks. These structures were brought to the design point with the help of "General Aliaga Shikhlinski" floating crane, said the message.

SOCAR's "Neftqaztikinti" trust is the contractor of the construction on the project of the Baku State Design Institute, while "Azneft" production association is the customer of the project.

Currently, SOCAR is implementing the program on stabilizing and increasing the oil production volume. To this end, the State Oil Company drills wells both at onshore and offshore fields in Azerbaijan.

The company produced 5.54 million tons of oil from offshore and onshore fields of the country in January-August 2015, or 1.4 percent less than in the same period of 2014 (5.62 million tons).

In total, SOCAR produced over 8.32 million metric tons of oil in 2014, compared to 8.31 million metric tons in 2013.

Over 42.4 million metric tons of oil was produced in Azerbaijan in 2014, compared to 43.5 million metric tons in 2013.

Edited by CN

Follow the author on Twitter: @MaksimTsurkov

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