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Drop in Number of Development Wells of SOCAR

Oil&Gas Materials 5 July 2008 12:03 (UTC +04:00)

Azerbaijan, Baku, 5 July / Trend / The number of the development wells of the State Oil Company of Azerbaijan (SOCAR) (excluding joint ventures and operating companies) made up 6,048 as of 1 July (6,169 as of 1 July 2008) which is less than by 121 wells of  the same period of 2007, SOCAR said.

A total of 4,748 wells (4,895 as of 1 July 2007) are active at present and 1,249 wells (1,261 as of 1 July 2007) are inactive at present. A total of 15 wells (13 as of 1 July 2007) are being developed at the moment.

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