Bank Of Baku

SOCAR drills new wells on Jafarli

SOCAR drills new wells on Jafarli
# 26 October 2009 16:22 (UTC +04:00)
Baku. Aynur Veliyeva - APA-ECONOMICS. SOCAR’s drilling arm is performing drilling activities on Jafarli Fieldin the Azerbaijani sector of the Caspian Sea.

SOCAR said the well is being drilled at design depth of 4 050 meters in the median Eocene part.

The is slated to start producing 30 tonne of oil per day from early November. Another similar well is also under development and is expected to come online in late December - early January 2010.
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THE OPERATION IS BEING PERFORMED