Azerbaijan’s state oil company SOCAR will additionally produce over 5,100 tons of oil annually due to the commissioning of a new horizontal well at the Western Absheron offshore field, SOCAR said in a message December 22.
Oil is extracted from the well bore at the interval of 769-651 meters at a flow rate of 14 tons per day, said the message.
The Western Absheron field is owned by SOCAR’s Absheronneft Oil & Gas Extraction Department.
SOCAR-AQS carries out the drilling operations on the field on the basis of an agreement.
SOCAR produced 6.32 million tons of oil at Azerbaijan’s offshore and onshore fields in January-October 2016, as compared to 6.91 million tons in the same period of 2015.
SOCAR produced 8.16 million tons of oil at those fields in 2015, as compared to 8.32 million tons in 2014. Along with SOCAR, foreign companies also extract oil in Azerbaijan. In total, 41.59 million tons of oil were produced in Azerbaijan in 2015, as compared to 42.02 million tons in 2014, according to SOCAR.
Trend
