SOCAR’s Azneft reveals oil, gas output level
Baku, Azerbaijan, May 19
By Maksim Tsurkov – Trend:
Azneft, a production unit of Azerbaijan’s state oil company SOCAR, produced 2.04 million tons of oil in January-April 2017, Trend learned from Azneft.
During the period, the company also produced 1.69 billion cubic meters of gas.
“Thirty-nine inactive wells were brought back to operation since early 2017 instead of the planned 19 wells, making it possible to produce additional 10,530 tons of oil,” said Azneft.
SOCAR’s production unit also carried out 209 geological operations, which allowed additionally producing 44,900 tons of oil. The technical work carried out by Azneft resulted in the additional production of 17,230 tons of oil instead of the planned 13,270 tons.
Azneft also said it carried out the drilling work. Nineteen wells were drilled and commissioned in January-April 2017.
Some 10,570 tons of oil was extracted from those wells.
Follow the author on Twitter: @MaksimTsurkov