Baku, Azerbaijan, Jan. 22
By Emil Ismayilov - Trend:
According to preliminary data, the volume of drilling work of the State Oil Company of Azerbaijan (SOCAR) will exceed 140,000 meters in 2014, a source at the State Oil Company told Trend on Jan.22.
The volume of drilling work of SOCAR will be at the level of 2013 or will exceed it in 2014, according to the source.
"The volume of drilling will be equal to 140,000-145,000 meters this year," the source said.
SOCAR carried out some 142,656 meters of drilling operations (excluding joint ventures and operating companies) in 2013, compared to 136,441 meters in 2012. Some 135,665 meters of all drilling works carried out in 2013, fell to development drilling and 6,991 meters fell to exploration drilling.
SOCAR includes the production association "Azerneft" (companies producing oil and gas on land and sea), "Azerkimya" (chemical industry enterprises), and "Azerigaz" (gas distribution).
Jointly with foreign partners, SOCAR participates in major projects such as the development of "Azeri-Chirag-Guneshli" (block of oil and gas fields) and "Shah Deniz" gas condensate field in the Caspian Sea.
Translated by L.Z.
Edited by C.N.