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SOCAR discloses scope of well drilling works in 9 months

Oil&Gas Materials 22 October 2019 09:50 (UTC +04:00)

BAKU, Azerbaijan, Oct. 22

Trend:

In the first nine months of 2019, Azerbaijan's State Oil Company SOCAR carried out exploratory drilling works to the extent of over 8,970 meters, while in the same period of 2018 the company did not conduct exploratory drilling, Trend reports referring to SOCAR.

In total, from January through September 2019, SOCAR carried out drilling operations to the extent of over 119,206 meters, which is 2.8 percent less compared to the same period last year.

Over the past period, 53 wells were drilled, whereas it was planned to drill 64 wells. Operational drilling accounts for 110,236 meters of total drilling.

A total of 37,310 meters were drilled in the third quarter of 2019. Of this number 33,624 meters accounted for exploited wells, and the rest 3,686 meters accounted for exploratory drilling.

Moreover, 20 wells were drilled and put into operation.

In September 2019, SOCAR drilled 15,054 meters, which indicates an increase of 20.4 percent in annual terms. Of these, 14,675 meters account for operational wells, and 379 meters relate to exploratory drilling.

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