Bank Of Baku

SOCAR builds new deep-water platform

SOCAR builds new deep-water platform
# 23 April 2009 10:55 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. State Oil Company of Azerbaijan (SOCAR) is building new deepwater Platform 2585 on Perspective Block 5, located between Guneshli and Oil Rocks.

The company said 12 wells will be drilled on the platform.

The company also said 30 million tons of residual recoverable oil reserves were identified in Oil Rocks and Mud Hill. By 2010, SOCAR plans to construct several new platforms with 78 new wells to recover oil.
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