SOCAR drilling new oil well in Caspian Sea
Baku, Azerbaijan, July 10
By Maksim Tsurkov - Trend:
SOCAR (State Oil Company of Azerbaijan) is drilling a new well in the Oil Rocks field in the Azerbaijani sector of the Caspian Sea, SOCAR said July 9.
The daily debit of the well No2594, drilled from the platform No2585 is 30 metric tons of oil and its design depth is 2,330 meters, the company's statement said.
SOCAR is currently implementing a program to stabilize and increase the oil production volumes. For this purpose, SOCAR drills both onshore and offshore fields in Azerbaijan.
SOCAR produced 3.46 million metric tons of oil in offshore and onshore fields of the country in January-May 2015, which is 1.14 percent less than in the same period of last year (3.5 million metric tons).
SOCAR produced more than 8.32 million metric tons in 2014 compared to 8.31 million metric tons produced in 2013.
Over 42.4 million metric tons were produced in Azerbaijan in 2014 compared to 43.5 million metric tons produced in 2013.
follow the author on Twitter: @MaksimTsurkov