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SOCAR Announced Capital Investments to PA Azneft in 2006

Oil&Gas Materials 18 January 2007 18:16 (UTC +04:00)

Shahin Ismayilov, the Director General of PA Azneft, said that the capital investments to the facilities and units of Azneft subjected to SOCAR (State Oil Company of Azerbaijan) in 2006 reached 194,58 mln. AZN versus 146,11 mln. AZN, Trend reports.

83,45 mln. AZN in 2006 were spent on capital construction activities, 77,98 mln. AZN вЂ" on drilling works.

Platform #1887, installed on Neft Dashlari (Oil Rocks) Deposit, was put into commission in 2006. It consists of five jackets and considered for drilling 36 wells. Three pre-drilling high-production well has been already put into operation by the platform The remaining 33 wells will be drilled by Maritime Exploratory Drilling Department Bayil Limani..

The constriction of the jacket for 13 wells on the offshore field - Shimal Girshighi was launched by Oil and Gas Production Department Absheronneft in 2006. Works at the jacket #13 at the field of Gunashli, the construction of interplatform oil pipelines on Gunashli Field and the eight reservoirs in Dubandi were completed last year.

Several pipelines were laid in 2006. Moreover, the reconstruction of a number of gas-compressor stations was implemented last year as well.

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