BAKU, Azerbaijan, June 13. Total production from Oil Rocks in Azerbaijan stands at 180.2 million tons of oil and 14.1 billion cubic meters of associated gas as of May 1, 2024, a source in the oil and gas market told Trend.
2024 marks 75 years since the start of commercial development of Oil Rocks.
70 percent of yearly oil and gas production by Azerbaijan’s state oil company SOCAR is delivered to the coast from the Oil Rocks.
Oil Rocks is the oldest field in Azerbaijan. Its development began in 1949.
Oil Rocks is an industrial settlement in Baku, Azerbaijan. A full town on the sea, it was the first oil platform in Azerbaijan, and the first operating offshore oil platform in the world, incorporating numerous drilling platforms.
The first large-scale geological study of the area was conducted in 1945–1948. The settlement of Oil Rocks was built after oil was discovered there on Nov. 7, 1949, at 1,100 meters beneath the Caspian Sea.
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