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12.01.2015 10:21

SOCAR summarized results of its drilling works for 2014

This December the State Oil Company of Azerbaijan (SOCAR) reduced drilling by 25.3% against November.

The SOCAR informs that if not to take into account drilling operations by joint ventures (JVs) and operating companies (OCs) in November it drilled 8,506 m against 11,389 m in November, 8.714 m in October, 9,362 m in September and 15,635 m in May (the best index in 2014). Last year the best index was registered in April (17,190 m). The best month indicator for the entire history was registered in July 2012 (17.414 m). The best figure for 2011 was observed in September (14,866 m). The volume of drilling in February 2010 (12,890 m) was the best index of 2010, and 17,399 m in April of 2009 was earlier the best index over the last few years.

At that, in December 2014 development drilling made up 8,062 m, exploration drilling 444 m, while wildcat drilling was not performed the same as in July-November.

In 2014 drilling works made 127,346 m, including 124,718 m of development and 2,628 m of exploration drilling, SOCAR reported.

In 2013 drilling works reached 142,656 m, including 135,665 m of development and 6,991 m of exploration drilling.

In 2012 it was carried out 136,441 m of drilling works, including 128,968 m of development and 7,473 m of exploration drilling (2,150 m of wildcat drilling).

In 2011 drilling works totaled 147,287 m, including 133,343 m of development and 13,944 m of exploration drilling (including 2,550 m of wildcat drilling).

Drilling for 2010 totaled 136,324 m against 168,182 m for 2009 and 202,954 m for 2008. In 2010, development drilling totaled 127,858 m, exploration drilling 8,466 m (including 1,785 m of wildcat drilling) versus 160,326 m of development and 7,856 m of exploration drilling in 2009.

Fineko/abc, 06.01.2015

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