TODAY.AZ / Business

After 11 months of work Azneft and other companies put into operation 104 new oil wells

15 December 2005 [10:47] - TODAY.AZ
The State Oil Company of the Azerbaijan Republic along with Joint Enterprises and Operation Companies put 17 wells into exploitation by December 1.

According to SOCAR, 7 wells were put into operation by the "Azneft" Production Union. For the last 9 months SOCAR through Azneft opened 12 wells and 3 wells were put into exploitation by JEs and OCs.

Finally, after 11 months of work 104 new wells were put into operation and 68 of them were operated by "Azneft" while 36 by JEs and OCs. In November, the exploitation well fund of SOCAR formed 9866 wells where 6831 of them belonged to "Azneft" and 3035 to JEs and OCs.

At the moment there are 6738 wells in operation and 3111 out of operation.



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