SOCAR ups volume of drilling operations

Oil&Gas Materials 12 July 2011 15:16 (UTC +04:00)

Azerbaijan, Baku, July 12 / Trend /

The State Oil Company of the Azerbaijan Republic (SOCAR) (except joint ventures and operating companies) drilled 78,533 meters in January-June compared to 71,374 meters in January-June 2010, SOCAR said.

According to the information, about 73,886 meters of the total amount of SOCAR's drilling in January-June fell to the exploitation drilling and 4,647meters - on the exploratory drilling.

SOCAR drilled more than 136,300 meters in 2010 compared to 168,200 meters in 2009. According to the report, 127,900 meters of the total amount fell to operational drilling, 8,466 meters - exploratory drilling (including 1,785 meters - test drilling).

In 2011, SOCAR intends to drill 200,000 meters, SOCAR head Rovnag Abdullayev said earlier. In particular, SOCAR envisages purchasing new drilling equipment to achieve the goals.
In 2008, SOCAR conducted drilling operations to the amount of about 203,000 meters. In 2007 the figure was 190,400 meters.