Baku 17° C
SOCAR reduces volume of drilling operations
Energy
- 15 July, 2020
- 12:29
Add Report.az to preferred Google sources
Stay up to date with the top news!
In the second quarter of this year, the State Oil Company of Azerbaijan Republic (SOCAR) made drilling operations with length of over 15 thousand meters.
Report informs citing the SOCAR, this is slightly less than the same period last year.
The reduction in drilling works is due to a decline in global oil demand as a result of the coronavirus pandemic and temporary restrictions on production under the OPEC + agreement.
Production was mainly limited to low-yielding onshore fields, and drilling was reduced accordingly.
Author
Latest News
00:14
Qatar, Türkiye discuss efforts to ease regional tensions
Region
00:06
Kazakhstan, Israel sign seven cooperation memorandums in Tel Aviv
Region
23:29
Tashkent hosts reception marking Azerbaijan's Victory Day
Foreign policy
23:20
Araghchi outlines Iran's seven-day plan for US talks
Region
22:46
US plans to suspend South Africa, Rwanda from duty-free trade program
Other countries
22:22
Death toll from Russian strikes on Ukrainian school rises to 24
Other countries
22:03
Atyrau–Samara oil pipeline halted after drone attack
Region
21:37
Tokayev: Those seeking to harm Kazakhstan will be held accountable
Other countries
21:18
Macron thanks Middle Eastern partners as French diesel prices fall
Other countries