Azerbaijan’s state oil company SOCAR will additionally produce about 23,000 tons of oil and 3.29 million cubic meters of gas thanks to commissioning of a new well in the Caspian Sea.
The well was put into operation at the Gunashli offshore field in the Azerbaijani sector of the Caspian Sea.
The company reported that gas and condensate are extracted from a wellbore within the range of 2,816-2,778 meters.
The Gunashli field plays an important role in Azerbaijan´s oil and gas industry. The field´s shallow part is developed by SOCAR on its own, while its deep-water part is developed jointly with foreign partners.
SOCAR produced 5.06 million tons of oil at Azerbaijani fields, where it works independently without foreign companies’ participation, in January- August 2016 as compared to 5.54 million tons in the same period of 2015.