Production in "Absheronneft" exceeds plan by 12%

Production in "Absheronneft" exceeds plan by 12% "Absheronneft" OGPD of the "Azneft" PU hosts a meeting
Energy
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May 26, 2017 17:52
Production in Absheronneft exceeds plan by 12%

Baku. 26 May. REPORT.AZ/ A working delegation headed by the Director General of "Azneft" Production Union Dashgin Iskandarov, including Director of "Oil and Gas Research and Design Institute" Fakhraddin Ismayilov, Director of "Oil and Gas Construction Trust" Mirkazim Abbasov, as well staff with relevant specialists visited "Absheronneft" Oil and Gas Production Department (OGPD).

Report informs referring to "Azneft" PU, main purpose of the meeting was to explore current state of hydro-technical facilities, offshore platforms, technological objects, communication nodes operated by the department and to discuss the work done by "Absheronneft" OGPD within four months of 2017.

D. Iskandarov said that "Absheronneft" OGPD has slightly increased production each year. Later, the head of the department  Shahmar Huseynov gave information about the work done within 4 months in 2017, adding that all necessary measures have been taken to keep and increase the production: “Thus, in 4 months of 2017, the task of the proposed oil production in the amount of 129 079 tons have been fulfilled instead of 115 740 tons (11.5% more). There was an increase of 13 339 tons. Compared with the same period last year, oil production increased by 17 577 tons or by 15.8%”.

According to him, during 4 months of this year, gas production fulfilled 2.3% more compared with the plan. "The additional 297,000 cubic meters of gas were produced. In 4 months of 2016, gas production was 12,533 mln cubic meters. This year, gas production increased by 914,000 cubic meters and growth rate was 7.3%."

Head of the department noted that 13 new wells drilled and handed over in "Absheronneft" OGPD in the first quarter of 2017.

Currently, 5 wells are in appropriation process now.

"In 4 months of this year, 10 wells were put into operation instead of planned 4 wells. 2 486 tons of oil have been extracted from these wells", he said.

According to him, by the year end department plans to return 10 more wells into operation and 6.500 tons of oil planned to be extracted from these wells.

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