Azerbaijan’s SOCAR drilling new well at oldest field in Caspian Sea

26 November 2024

Azerbaijan’s SOCAR drilling new well at oldest field in Caspian Sea

23:51 30 June 2016 Read: 991

Azerbaijan’s SOCAR drilling new well at oldest field in Caspian Sea

Azerbaijan`s state oil company SOCAR will produce about 3,650 tons of oil annually through commissioning of a new well being drilled at the Oil Rocks offshore field in the Caspian Sea.

The well`s projected depth is 1,050 meters and its daily debit is expected to reach 10 tons of oil, said SOCAR in a message issued June 30.

SOCAR is currently implementing a program to stabilize and increase oil output.

The company produced 3.16 million tons of oil at the country’s onshore and offshore fields in January-May 2016, as compared to 3.46 million tons in the same period of 2015.

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