Drilling Works Department "Gum Adasi" Carried out Works Worth AZN 2,019,859

Azerbaijan, Baku / Trend / Nazim Gafarov, the Chief of The Department for Offshore Drilling Works - "Gum Adasi" of the Trust of Complex Drilling Works of the State Oil Company of Azerbaijan (SOCAR), has said that the Drilling Works Department has drilled a total of 5,336 metres in the fisrt quarter of 2007. This figure exceeds the expectations by 1.6 %. As compared with the corresponding period of 2006, the existing indicator exceeds it by 267 metres.

The Head of the SOCAR Department noted that on the whole, in the reporting period, all the works were carried out to the sum of AZN 2,019,859.

Two new wells have been put into commission resulting from the drilling works in the first quarter of 2007.