This year SOCAR plans to increase oil and condensate production by 200,000 tons against 2013 up to 8.5 million tons, said SOCAR Vice President for Hydrocarbons Production and Transportation Rahman Gurbanov.
He said the production growth will be ensured at the expense of the plan of measures to increase oil and gas production in Azerbaijan in 2013-2014.
Gurbanov said that in 2014 it is planned to drill 130 wells. “We will continue drilling of new wells and next year we plan to drill 119 wells,” he added.
He also said that the newly drilled wells will allow maintaining stabilization of production.
According to the State Statistical Committee, in 2013 Azerbaijan extracted 43.1 million tons of oil and gas condensate against 42.98 million tons in 2012.
