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SOCAR’s drilling operations exceed 72,000 meters in first half-year

Oil&Gas Materials 4 July 2012 17:07 (UTC +04:00)

Azerbaijan, Baku, July 4 / Trend E.Ismayilov /

The State Oil Company of Azerbaijan (SOCAR) (except joint ventures and operating companies) drilled 72,355 meters in January-June compared to 78,533 meters in January-June 2011, SOCAR said on Wednesday.

SOCAR drilled 147,300 meters in 2011 compared to over 136,300 meters in 2010. SOCAR drilled 168,200 meters in 2009 compared to about 203,000 meters in 2008. In 2007, the figure was 190,400 meters.

According to the report, 69,351 meters of the total amount of SOCAR's drilling in January-June accounted for operational drilling, while 3,004 meters - exploratory drilling (including, 1,650 meters - structural and search drilling).

SOCAR includes production association Azneft (companies producing oil and gas on land and sea), Production Association Azerkimya (chemical industry), production association Azerigas (gas distribution).

SOCAR participates in large projects such as the development of oil and gas fields Azeri-Chirag-Guneshli and gas-condensate field Shah Deniz in the Caspian Sea together with foreign partners.

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