SOCAR’s drilling company has started drilling of two wells on the Pirallakhi field, reported SOCAR.
The well No 1147 with the target depth of 840 metres will be drilled from the platform No 1140 on the offshore section of the Pirallakhi-Deniz field.
The well No 1185 is drilled on the ground section of the field named Pirallakhi Island-shore. The target depth of the well is 800 metres.
According to the geologists’ forecasts, expected daily production rate of each well will be 4 tons of oil. The wells are drilled by order of Absheronneft oil and gas production company.
Pirallakhi field development started in 1902. The residual resources total about 2 million tons of oil.—0—
Economics
-
Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
-
Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
-
Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
-
Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
Leave a review