SOCAR reduced drilling volume in 2015
Baku, Azerbaijan, Jan. 6
By Maksim Tsurkov - Trend:
The drilling work carried out by the State Oil Company of Azerbaijan (SOCAR) reached 105,410 meters in 2015 or 17.2 percent less than in 2014, SOCAR said Jan. 6.
Over 104,400 meters of the total volume of drilling work carried out by SOCAR in 2015 accounted for development drilling, while the remaining part - exploration drilling.
SOCAR commissioned 73 new wells in 2015, the statement said.
SOCAR includes Azneft (companies producing oil and gas offshore and onshore), Azerkimya (chemical industry) and Azerigas production associations.
Jointly with foreign partners, SOCAR participates in such large projects as the development of Azeri-Chirag-Guneshli oil and gas fields' block and Shah Deniz gas and condensate field in the Caspian Sea.
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