SOCAR plans to extract over 500,000 tons of oil and 1 mcm of gas a year from new platform
Launching of the new platform No 7 on the shallow section of the Guneshli field will contribute to stabilization of oil production on this field, Rovnag Abdullayev, President of State Oil Company of Azerbaijan (SOCAR) told journalists.
“We are planning to build another platform on the Guneshli field and its design will start in the near future,” Abdullayev added.
SOCAR President also said that 1 mcm of gas and 1400 tons of oil a day will be extracted from the platform No 7.
“For the first time horizontal wells will be drilled on the Guneshli field from the platform No 7,” SOCAR President said.
The platform has been installed on the sea depth of 148 meters. It is designed for drilling of 20 operation wells, of which 6 ones gas and 14 ones are oil wells. The production rate of gas wells is expected to be 150,000 cub.m. of gas and 15 tons of condensate and oil wells – 100 tons of oil and 15,000 cub.m. of associated gas.
The wells will be drilled using two modern drilling rigs ZJ 70/4500 DZ (China) and Bentec 3000 HP AC (Germany). The second drilling rig gas wider possibilities and allows drilling wells 8,000-9,000 meters deep.
The costs for the new platform construction totaled 180,827,900 AZN.—0—
Economics
-
The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
-
The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
-
In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
-
The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
Müdafiə Nazirliyində nə baş verir? О чем договорились Алиев и Пашинян в Москве? - беседа с Борисом Навасардяном
News Line
-
- Social,
- 13:31
- 423
Leave a review