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SOCAR launched over 74,000 meters of drilling work

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The State Oil Company of Azerbaijan Republic (SOCAR) in 2016 carried out drilling operations of length 12 567 m (except joint ventures and operating companies).

According to the SOCAR, 12 484 m of these were maintenance works, others - exploration works.

In general, in January-August 2016, 74 248 meters of drilling works have been carried out, (except joint ventures and operating companies). 74 248 m of these were maintenance works, 1 300 m - exploration works.

Volume of drilling works this year was less by 3% in comparison with the previous year.

Moreover, in August 4 new wells put into operation, 39 wells - from the beginning of the year.

Date
2016.09.05 / 16:31
Author
Axar.az
See also

Oil prices fall in global market

Gold hits a new record above $3,744 per ounce

US Federal Reserve cuts discount rate to 4–4.25%

Global oil prices continue to rise

Azerbaijan resumes crude oil exports to India

Oil prices keep climbing on world markets

Global oil prices rise again

Global oil prices decline

Oil prices continue to climb in global markets

Oil prices keep rising in global markets

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