- SOCAR commissioned its highest-capacity well drilled at Umid field; it will produce 900 million cubic meters of natural gas annually
- During the quarter, the country produced over 9 billion cubic meters of natural gas, which is 25% higher than the same period last year
- Oil production remained stable in the reporting period
- Natural gas export grew by 27% and oil and petrochemical products export by 7,4% in the quarter
In the first quarter of 2019, SOCAR together with its partners maintained a steady level of oil production in the country and achieved significant growth in gas production. The gas production in the country increased by 25% compared to the same period of previous year and amounted to 9.1 billion cubic meters, oil production increased by 0.15% to 9.7 million tons². SOCAR produced 1.85 million tons³ of oil and 1.56 billion cubic meters4 in the same period.
The new well drilled and commissioned at the depth of 6810 meters in the SOCAR’s Umid field had a significant role in the growth of the country’s natural gas export. SOCAR completed drilling of its highest-capacity well safely, implementing new technical methods in complicated geological structure. The potential daily output of the new well is estimated at 2.5 million cubic meters of gas and 400 tons of condensate. Rock samples were taken from the depth of 5940 - 6810 meters and examined. The temperature and layer pressure were also measured.