SOCAR drilling new well at Gunashli field

By: Aynur Jafarova

Azerbaijan’s state energy company SOCAR, which is keen on expanding operations in the retail oil products market abroad, is drilling a new well at the shallow part of the Gunashli field in the Azerbaijani sector of the Caspian Sea.

The projected depth of the well on the Gunashli-13 platform is 3,500 meters.

Geologists forecast the daily debit of the well will make 150,000 cubic meters of gas and 15 tons of condensate, SOCAR stated on August 18.

The well will be on the balance of 28 May Oil and Gas Management of SOCAR.

Gunashli field plays an important role in the oil and gas industry of Azerbaijan. The shallow part of the deposit is developed by SOCAR independently and the deep one is developed as part of the Azeri-Chirag- Gunashli block together with foreign partners.

Azerbaijan’s energy giant SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in the domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.

One of the primary obligations set for SOCAR in accordance with the State Program for the Development of the Fuel and Energy Sector (2005-2015), is to increase oil and gas production and to discover new oil and gas fields.

SOCAR plans to drill 20 new wells in the shallow part of the Gunashli field. Alongside with the drilling of new wells, the repair works of the old wells are being implemented by the company on the fields.

SOCAR produced around 4.2 million tons of oil from Azerbaijan’s onshore and offshore fields in the firs half of 2014, which was equal to 4.15 million tons in the same period of 2013.

In 2013 the energy company produced over 8.31 million tons of oil from onshore and offshore fields.

In total, some 43.48 million tons of oil was produced in Azerbaijan in 2013.