The well was commissioned on the country`s Gunashli offshore field after an overhaul.
Gunashli field plays an important role in Azerbaijan`s oil and gas industry. The field`s shallow part is developed by SOCAR on its own, while its deep-water part is developed jointly with foreign partners.
Currently, SOCAR is implementing a program for stabilizing and increasing the oil production.
The company produced 2.52 million tons of oil at offshore and onshore fields in January-April 2016, as compared to 2.76 million tons in January-April 2015.
SOCAR produced 8.16 million tons of oil in 2015, as compared to 8.32 million tons in 2014.
SOCAR commissions prolific gas well in Caspian Sea
24 May 2016
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Azerbaijan`s state oil company SOCAR will additionally produce 43.8 million cubic meters of gas and more than 20,000 tons of oil per year as it has put into operation a new well in the Caspian Sea, said SOCAR May 23.
