SOCAR has put into operation a new well on the oldest offshore oil field of the country - Neft Dashlary, which was put into operation in 1949.
SOCAR press office reported that the well No 2287 was drilled from the platform No 1887. The daily production rate of the well is 15 tons of oil. 40 wells are planned to be drilled from the platform No 1887. At present there are 35 operation wells on the platform.
During the entire period of operation 173 million tons of oil was extracted from Neft Dashlary field and the small field Palchyg Pilpilasi field located nearby. According to the latest estimates, the residual resources of the fields total about 30 million tons, which is equal to the new field, according to the current international criteria. Every year these fields produce about 900,000 tons of oil.-0-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review