The Azerbaijani state company SOCAR will extract in addition about 3,65 thousand tons of oil and 365 thousand cubic meters of gas annually due to commissioning of a new well which is drilled on the sea field "Oil Stones", it is said in the statement SOCAR posted on the official site of the company on Tuesday.
Project depth of a well constitutes 1300 meters, daily debit is expected at the level of 10 tons of oil and thousands of cubic meters of gas.
In January-May, 2017 SOCAR extracted on offshore and onshore fields of the country 3,1 million tons of oil against 3,16 million tons extracted for the same period of 2016.
In 2016 SOCAR extracted 7,52 million tons of oil against 8,16 million tons extracted in 2015. In total in Azerbaijan last year the amount of oil extraction made 41,03 million tons against 41,58 million tons extracted for 2015.
The entities on oil and gas extraction at the sea and the land - PO "Azneft"; entities of the chemical industry united in the Azerikimya companies; PO "Azerigaz", engaged in distribution in the republic of the extracted gas; the oil and gas-processing entities, service companies, organizations which are engaged in geophysical and drilling operations - are parts of SOCAR.