Baku 18° 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
13:23
Jordan stops fighters attempting to enter from Syria
Other countries
13:08
Egypt fears another escalation in war on Iran would be 'more destructive'
Other countries
12:48
Azerbaijan increases production of paints, varnishes 30.8%
Industry
12:27
1 killed, 6 injured in US shooting
Other countries
12:08
2 foreigners die of electrocution at 5-star hotel swimming pool in India
Other countries
11:48
Azerbaijan increases lime production 77%
Industry
11:25
4 killed, 2 injured after massive fire breaks out at shoe factory in India
Other countries
11:07
Anti-Netanyahu bloc said to weigh direct PM elections to break political deadlock
Other countries
10:41
Iran finalises plan to respond to any new attack, official says
Other countries