ECONOMY


‘SOCAR is looking to increase production of natural gas in coming years’

Baku, August 21, AZERTAC

SOCAR is looking to increase production of natural gas in coming years, the company's head Rovnag Abdullayev told Reuters, in an effort to reverse a decline in output.

In coming years, he said, the country expected to put on stream several gas fields that would provide much-needed output growth.

"We aim to get 1.5 billion cubic metres of gas from Absheron gas field's first stage in 2019 and an additional 5 bcm in 2022-2023 from the second stage," he said.

"In the next three to five years, SOCAR plans to build two offshore platforms at the Umid (gas) field to drill a minimum eight high-marginal wells ... SOCAR plans to start (exploration) drilling at the Babek (gas) field in the second half of 2018."

The Azeri energy ministry expects gas production in the country to rise to 41.4 bcm in 2021.

© Content from this site must be hyperlinked when used.
Report a mistake by marking it and pressing ctrl + enter

FEEDBACK

Fields with * are required.

Please enter the letters as they are shown in the image above.
Letters are not case-sensitive.