SOCAR completes reconstruction of platform in Caspian Sea

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    The Azerbaijani state oil company SOCAR has completed work on the reconstruction of platform #11 on the Gunashli field in the Caspian Sea.

    The project involves drilling of four additional production wells in the field, SOCAR reported on July 17.

    The message said that the goal of the project is to commission the high-quality wells that will be drilled here and the provision of a stable level of oil and gas production. In the framework of the project, construction and installation works were carried out in four complexes. Four shafts were installed on the depth and four casing strings were carried out cementing works.

    SOCAR produced 3.1 million tons of oil from Azerbaijan’s offshore and onshore fields in January-May 2017, as compared to 3.16 million tons in the same period of 2016.

    The company is involved in upstream, midstream and downstream operations. Its main functions pertain to the extraction, refining, transportation of oil, gas and gas condensates, and sale of gas and oil and gas products.

    SOCAR includes such production associations as Azneft (the enterprises producing oil and gas onshore and offshore), Azerikimya (the chemical enterprises) and Azerigas (distributor of gas produced in the country), as well as oil and gas processing plants, service companies, and the facilities involved in geophysical and drilling operations.

    Currently, SOCAR is the only producer of petroleum products in the country, and operates more than 370 petrol stations in Switzerland, Georgia, Romania and Ukraine.

    SOCAR participates in joint ventures (including ventures in Georgia and Turkey), consortia, and operating companies established with SOCAR’s participation.

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