He said that Azneft PA produced 1.5 million tons of oil and 1.4 billion cubic meters of gas in the first quarter of 2018, which is by eight percent more than in the same period last year.
The increase in gas output was mainly ensured through the Oil and Gas Production Department (OGPD) named after N.Narimanov, according to him.
"Overall, 97.8 percent of the total gas production of Azneft PA accounts for the offshore fields. Out of the total volume, 79 percent is provided by the 28 May OGPD, 17.4 percent - the OGPD named after N.Narimanov, 1.6 percent - Oil Rocks, 0.7 percent - Absheronneft and 1.3 percent accounted for the share of onshore deposits. In the total volume of gas production, 74.4 percent accounts for the natural gas, and 25.6 percent - associated gas, " Isgandarov said
He stressed that 15 wells were commissioned in accordance with Azneft PA's order in the first quarter of 2018, which is five wells or 33 percent more than in the same period last year.
"Thanks to the drilling of new wells, the oil output growth was 32 percent higher than planned, and 29 wells instead of the planned 12 were returned to operation, which allowed to produce 65 percent more oil," he said.
He noted that over the three months of 2018, the PA carried out 179 geological works, which resulted in doubling of oil production from these wells
SOCAR includes such production unions as Azneft (enterprises producing oil and gas onshore and offshore), Azerikimya (the chemical enterprises) and Azerigas (distributor of gas produced in the country), as well as oil and gas processing plants, service companies and the facilities involved in geophysical and drilling operations.
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