25 Oct 2011 14:49

SOCAR begins drilling new well at Gunashli

BAKU. Oct 25 (Interfax) - State Oil Company of the Azerbaijani Republic's (SOCAR) maritime drilling division Bail Limany Trust for complex drilling works has begun boring a new well in the shallow-water area of the Gunashli deposit, a SOCAR statement says.

Well #160 is being drilled in marine section #10. Projected well depth is 2,950 meters. Geologists reckon average daily flow at 100 tonnes of oil.

The shallow-water part of the Gunashli field has been in development since 1980. The deposit accounts for as much as 65% of all SOCAR oil production.