SOCAR returns two wells to operation in Caspian Sea


(MENAFN- Trend News Agency ) Baku, Azerbaijan, Nov. 22

By Maksim Tsurkov – Trend:

Azneft Production Union of Azerbaijan's state oil company SOCAR will additionally produce about 12,800 tons of oil and 6.94 million cubic meters of gas annually, thanks to commissioning wells after capital overhaul at Sangachal Deniz-Duvanny Deniz-Khara Zira and Alat Deniz offshore fields, said Azneft in a message Nov. 22.

The wells were returned to operation from the inactive fund.

Oil with a debit of 10 tons per day and gas with a debit of 4,000 cubic meters per day are extracted within the interval of 4,452-4,428 meters at the well located at the Sangachal Deniz-Duvanny Deniz-Khara Zira, says the message.

Oil with a flow rate of 25 tons per day and gas with a debit of 15,000 cubic meters per day are extracted within the range of 2,998-2,996 meters at the well located at the Alat Deniz offshore field.

Azerbaijan's state oil company SOCAR produced 6.2 million tons of oil from offshore and onshore fields in January-October 2017 as compared to 6.32 million tons in the same period of 2016.

In 2016, SOCAR produced 7.52 million tons of oil from Azerbaijan's offshore and onshore fields, as compared to 8.16 million tons in 2015. Oil production, in total, stood at 41.03 million tons in 2016, as compared to 41.58 million tons in 2015.

SOCAR includes such production unions as Azneft (the 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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