Socar president: First production from new fields is scheduled for 2020-21

16:27 - 6.04.2018


April 6, Fineko/abc.az. President of the State Oil Company of Azerbaijan (Socar) Rovnag Abdullayev gave an interview to the website of ruling party Yeni Azərbaycan.

In the interview Abdullayev said that many important decisions were made on the development of new fields.

"The oilmen intend to keep stable oil production and increase gas production by developing such promising areas as Karabakh, Umid-Babak, Absheron and some others. I believe we’ll be able to get the first products from new fields in 2020-21," Abdullayev said.

He said work on Absheron field and the Umid field development had been started jointly with Total. The Socar president also stressed the start of the main stage of engineering in connection with the plans of development of oil & gas field Karabakh.

"Socar is successfully drilling high-temperature wells with abnormally high pressure at depth of more than 6,000 m," Abdullayev said.

 

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