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SOCAR drilling new well at oldest field in Caspian Sea

SOCAR drilling new well at oldest field in Caspian Sea

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Date: 7 January 2016 19:22

Baku, Azerbaijan, Jan. 7
By Maksim Tsurkov – Trend:

The State Oil Company of Azerbaijan (SOCAR) will produce over 3,600 tons of oil annually by drilling a new well on the “Neft Dashlari” (Oil Rocks) field, SOCAR said Jan. 6.

The project depth of the well No 2617 is 1,070 meters and the daily debit - 10 tons of oil. Drilling will be carried up to the Gala productive layer.

SOCAR is currently implementing the program to stabilize and increase oil production.

SOCAR produced 7.58 million tons of oil from the country’s offshore and onshore fields in January-November 2015, compared to 7.7 million tons in the same period of 2014.

SOCAR produced 8.32 million tons of oil in 2014 compared to 8.31 million tons in 2013.

In total, some 42.4 million tons of oil were produced in Azerbaijan in 2014 compared to 43.5 million tons in 2013.

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