Bank Of Baku

SOCAR to bring 4 wells on stream in Pirallahi

SOCAR to bring 4 wells on stream in Pirallahi
# 24 October 2008 15:25 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. State Oil Company of Azerbaijan (SOCAR) has brought online Well 1025 in Pirallahi Island.
The company said the 720-meter well produces 4 tons of oil a day.
It is slated to put into operation 4 more wells by the end of this year.
Geologists regularly discover new oil reserves in Pirallahi although oil has been exploited here since 1902.
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THE OPERATION IS BEING PERFORMED