ISSN 2330-717X

Azerbaijan Set To Obtain More Oil From Caspian Sea Field

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By Maksim Tsurkov

The SOCAR Azerbaijani state company will annually receive 29.2 million cubic meters of gas and 5,500 tons of condensate at the new well at the Guneshli field in the shallow part of the Caspian Sea, the company told Trend on Nov. 27.

“The drilling of the well has started recently,” the company said. “Its design depth is 4,000 meters. The well is planned to be commissioned in early 2016.”

Azneft Production Association ordered the work, and SOCAR-AQS ordered the drilling work.

SOCAR-AQS was established in 2007 by SOCAR and Absheron Drilling as a joint venture, providing integrated services for drilling and well servicing.

Currently, SOCAR-AQS mainly conducts drilling from the fixed platform No. 11 in the shallow part of the Guneshli field, as well as from the platform No. 1 at the Umid field.

SOCAR, jointly with foreign partners, is developing the deep-water part of the Gunashli field as part of the Azeri-Chirag-Guneshli block.

Trend News Agency

Trend News Agency

Founded in 1995 as a private media outlet in Azerbaijan, Trend News Agency is a leading news provider in the Caucasus, Caspian and Central Asian region. Trend has established the Trend Expert Council, bringing together about 40 well-known independent experts from the region and the West.

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