Azerbaijan, Baku, Feb. 4 / Trend /
The State Oil Company of the Azerbaijan Republic (SOCAR) commissioned 178 operation wells in 2008. A total of 303,000 tons of oil were produced at the wells, SOCAR said.
Azneft added 110 wells to SOCAR's stock. They produced roughly 226,000 tons of oil and 100 million cubic meters of gas in 2008.
A total of 275 invalid wells were transferred to SOCAR in 2008 and produced 127,000 tons of oil.
As a result of 5,260 geological activities, an additional 572,000 tons of oil were produced.
The company plans to carry out prospecting activities on Umid fields and prospective wells using its own funds.
There are 57 oil and gas fields in Azerbaijan. Eighteen are onshore.
SOCAR employs 63,000 people.