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Azerbaijan : DRILLING WORK 1.7 fold was lowered by SOCAR this August.

The State Oil Company of Azerbaijan (SOCAR) diminished drilling 1.7 fold, in August 2012 versus July when it grew 2.23 fold as compared to June.

If not to take into account drilling operations by joint ventures (JVs) and operating companies (OCs) it was drilled 10,075 m in August versus 17.414 m in July (best month indicator for the entire history) and 14,866 m in September 2011 (last year s best indicator), informed by the SOCAR.

In February 2010 (12,890 m), the volume of drilling was the best index of 2010, and 17,399 m in April of 2009 was the best index over the last few years. At that, this August development drilling made up 9,773 m and exploration drilling 302 m and wildcat drilling 170 m.

According to the report, "For Jan-Aug 2012 it was carried out 99,844 m of drilling works, including 94,670 m of development and 5,174 m of exploration drilling (2,150 m of wildcat drilling)."

Plans for 2012, were not published by the Company, however in 2011 its drilling works totaled 147,287 m, consisting133, 343 m of development and 13,944 m of exploration drilling (including 2,550 m of wildcat drilling).

For 2010, drilling totaled 136,324 m against 168,182 m, whereas for 2009 and 2008, 202,954 m respectively.

Development drilling totaled 127,858 m in 2010, and exploration drilling 8,466 m against 160,326 m of development and 7,856 m of exploration drilling in 2009.

This year they are planning to drill 280,000 m against 270,000 m in 2011, said by SOCAR vice president Khoshbakht Yusifzadeh.

2012 Al Bawaba (Albawaba.com)

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Publication:Mena Report
Date:Sep 10, 2012
Words:293
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