Oil Company of Azerbaijan started drilling of the new well on the вЂњGovsanвЂќ oil field. The wellвЂ™s design depth is 3700 meters, the State Oil Company of Azerbaijan (SOCAR) told Trend. About 200 meters have been drilled by the moment. The daily average drilling speed is 50 meters.
The works are performed by the Department of Drilling Works (DDW) of Gum Adasi at the order of the Oil and Gas Producing Unit (OGPU) Qum Adasi.
SOCAR noted, the well is planned to be commissioned in the first half of 2006.
DDW Qum Adasi drilled 16048 meters since the start of the year, which is by 1,1% more of the last yearвЂ™s same period. For the period specified OGPU Qum Adasi commissioned 2 new wells according to the plan. For 9 months of 2005 OGPU produced 128423 tons of oil and 263427 thousand cubic meters of gas.