Baku, Azerbaijan, April 16
By Maksim Tsurkov – Trend:
Azerbaijan’s state oil company SOCAR drilled 40,500 meters in the first quarter of 2018 compared to 35,610 in the same period of 2017, the company said on April 16.
The growth of drilling operations amounted to 14 percent compared to the same period of 2017, and compared to the annual plan - 13 percent.
Since early 2018, SOCAR commissioned 28 new wells, 13 of which were drilled by joint ventures of SOCAR. The company commissioned another 66 wells, which were closed earlier.
SOCAR drilled 138,000 meters and commissioned a total of 81 new wells in 2017.
The company drilled 105,250 meters in 2016 as compared to 104,410 meters in 2015.
SOCAR includes such production unions as Azneft (enterprises producing oil and gas onshore and offshore), Azerikimya (the chemical enterprises) and Azerigas (distributor of gas produced in the country), as well as oil and gas processing plants, service companies and the facilities involved in geophysical and drilling operations.
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