Baku News

10-05-2005 BakuToday - Azneft, SOCAR's oil & gas producer enterprise, is going to commission soon 10 wells from the platform No1062 installed at Neft Dashlari (Oil Stones) field. This platform has not been used since 1992 when the hurricane destructed it. Seven well have been rehabilitated by the present and another three ones will be repaired and commissioned soon. Total debit will makes around 55 tons a day. Earlier SOCAR president Natig Aliyev emphasized that SOCAR is considering an opportunity to put into operation wells which considered unprofitable because of small debit. But taking into account growth of oil price at world markets, production from them has become economically more profitable. Neft Dashlari has been developing since 1949. For entire period of operation Neft Dashlari and Grazevaya Sopka (they are located on one NGDU) were produced over 173 million tons of oil. Current daily production from 460 development wells is close to 2,300 tons of oil. Balance reserves of the field is estimated in 30 million tons.