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SOCAR Repairs Wells in Offshore Field

Oil&Gas Materials 22 May 2008 18:01 (UTC +04:00)

Azerbaijan, Baku, 22 May / Trend / The State Oil Company of Azerbaijan (SOCAR) repairs three wells in order to increase production in the offshore Oil Rocks field, SOCAR said on 22 May. The repaired wells are expected to be launched in mid-June.

The daily oil production of the wells is expected to reach 25 tons on average.

The volume of the production is expected to reach 1.2mln tons by the end of 2009 within the program on increasing production in the field in 2008-2010.

According to the SOCAR calculations, the residua volumes of oil of the Oil Rocks total to 30mln tons. SOCAR is expected to drill 78 new wells and to construct new platforms in order to put up the production of the field by 2010.

Some two platforms have been launched in Oil Rocks recently. One of them, platform #1887 has 36 wells and 5 blocs and the second one, #2387 has 12 wells. There is already intensive drilling in these platforms with 11 new wells being recently launched.

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