3 Oct 2013 16:22

SOCAR boosts drilling volume 10.7% in January-September

BAKU. Oct 3 (Interfax) - State Oil Company of the Azerbaijani Republic's (SOCAR) drilling wing drilled 119,123 meters of well in January-September 2013, a 10.7% year-on-year increase, SOCAR told Interfax.

There was 112,789 meters of production well drilled, up 10.4%, and 6,334 meters of exploratory well, up 16.1%.

The company drilled 11,914 meters of well last month alone, including 11,893 meters of production well.

SOCAR's drilling volume in 2012 was 7.4% down from 2011 at 136,441 meters - including 128,968 meters of production well (down 46.5%) and 7,473 meters of exploratory well (down 3.3%).