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20.08.2015 09:23

SOCAR drills new well on Caspian field

Drilling trust of Azerbaijans state energy company SOCAR has started drilling of a new well on the offshore field Bulla Deniz, the company reported.

The drilling of the well No.125 is carried out from the platform No.122 on the field Bulla Deniz.

The depth of the well is 6,200 meters.

According to the estimates of geologists, some 150 metric tons of condensate and 800,000 cubic meters of gas will be produced from the well daily.

The Bulla-Deniz field is located at 80 kilometers south from Baku, and it was opened in 1975. During this time, over 61 billion cubic meters of gas and 12 million metric tons of oil and gas condensate were produced at the field.

SOCAR includes the Azneft production association (company producing oil and gas onshore and offshore) and the Azkimya production association (chemical industry) and Azerigaz production association (gas distribution).

In addition, SOCAR includes a number of processing enterprises, service enterprises and institutions engaged in geophysical and drilling operations.

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