SOCAR drilling new well at Oil Rocks field

SOCAR drilling new well at Oil Rocks field

Azerbaijan’s state oil company SOCAR will additionally produce around 3.65 thousand tons of oil and 365 thousand cubic meters of gas annually through commissioning of a new well which is being drilled on the Oil Rocks offshore field.

SOCAR reported that the projected depth of the well is 1660 meters, while the daily debit is expected to reach 10 tons of oil and 1000 cubic meters of gas.

The company produced 3.1 million tons of oil at Azerbaijan’s offshore and onshore fields in January-May 2017, as compared to 3.16 million tons in the same period of 2016.

In total, 41.03 million tons of oil was produced in Azerbaijan in 2016, as compared to 41.58 million tons in 2015, according to SOCAR.

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