Azerbaijan’s state oil company SOCAR will additionally extract 7,300 tons of oil and 365,000 cubic meters of gas annually as it has commissioned a new well at the Oil Rocks offshore field, SOCAR said in a message Oct. 31.
Oil is extracted from a borehole at a depth of 2,410-2,395 meters, reads the message.
In January-August 2016, SOCAR produced 5.06 million tons of oil at Azerbaijani fields, where it works independently without foreign companies’ participation, as compared to 5.54 million tons in the same period of 2015.
SOCAR produced 8.16 million tons of oil at those fields in 2015 compared to 8.32 million tons in 2014. In total, 41.59 million tons of oil was produced in Azerbaijan in 2015, compared to 42.02 million tons in 2014, according to SOCAR.
