• $
  • £

Second well starts production at Socar's Umid field

Second well starts production at Socar's Umid field
31.01.2014 17:30

Azerbaijan's state oil company Socar has commissioned a second production well at the Caspian field of Umid, the company said yesterday. 

The 6,309 meter well produces 800,000 cubic meters of gas and 200 tons of condensate a day, Socar said on its website. 

Socar announced the discovery of the field in 2011. It is estimated to contain 200 billion cubic meters of gas and 40 million tons of condensate, or light oil. 

ANN.Az

Similar news
Similar news
China sent 280 container trains to Europe via Middle Corridor since early 2024
Business 16:09
China sent 280 container trains to Europe via Middle Corridor since early 2024
Azerbaijan and Ukraine explore avenues for deepening economic ties
Business 17:30
Azerbaijan and Ukraine explore avenues for deepening economic ties
Azerbaijan imports $900M worth of goods from Türkiye in 5 months
Business 13:30
Azerbaijan imports $900M worth of goods from Türkiye in 5 months
35 projects implemented in liberated territories of Azerbaijan in 2023
Business 16:00
35 projects implemented in liberated territories of Azerbaijan in 2023
Israeli companies invited to investment projects in Karabakh’s industrial parks
Business 18:30
Israeli companies invited to investment projects in Karabakh’s industrial parks
Italian firms interested in participating in projects to be implemented in Karabakh
Business 14:00
Italian firms interested in participating in projects to be implemented in Karabakh
Azerbaijani economy minister, governor of St. Petersburg mull enhancing joint activities in shipbuilding
Business 15:00
Azerbaijani economy minister, governor of St. Petersburg mull enhancing joint activities in shipbuilding
Russia-Azerbaijan trade reaches $4.4 billion, Russian ambassador says
Business 10:00
Russia-Azerbaijan trade reaches $4.4 billion, Russian ambassador says
Azerbaijan to increase value of non-oil exports to $5B by 2026
Business 14:00
Azerbaijan to increase value of non-oil exports to $5B by 2026
Anews TV

Our official Youtube channel

Subscribe