SOCAR reveals data on well stock

BAKU, Azerbaijan, Oct.8

By Leman Zeynalova – Trend:

Development well stock of Azerbaijan’s state oil company SOCAR totaled to 6,741 wells (including 169 gas wells), operating well stock totaled to 4,317 wells (including 116 gas wells) as of January 1, 2021, Trend reports with reference to SOCAR.

The well stock on SOCAR is shown in the following table:

SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan. Three production divisions, one oil refineries and one gas processing plant, a deepwater platform fabrication yard, two trusts, one institution, and 23 subdivisions are operating as corporate entities under SOCAR.

SOCAR conducts various petroleum activities in countries such as Georgia, Turkey, Romania, Switzerland, Germany and Ukraine, including trading activities, mainly in Switzerland, Singapore and Nigeria.

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