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
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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