SOCAR Completes Drilling New Well

Azerbaijan, Baku / corr. Trend / A new well was put into operation on the Hovsany field of Oil and Gas Production Unit Gum Adasy of the State Oil Company of Azerbaijan (SOCAR). The well has been drilled by Marine Drilling Department of the Unit. The depth of the well equals 4300 meters. The well works with gaslift method and its daily production capacity makes up 50 tons of oil and 10.000 cu.m of gas per day.

Hovsany field was put into operation in 1984. Presently the field possesses 17 active wells. The daily production of the field equals 280 tons of oil. In 2006 more than 100.000 tons of oil were produced on the field.