ECONOMY
EFFICIENCY OF OLD OIL WELL
Development of the oil field Garachuhur, situated on the Apsheron peninsular of Azerbaijan, about 15 km to the North East of Baku and being developed by Surakhanyneft started 75 years ago. According to SOCAR the first oil was obtained from this oil field in 1928 and for the first 10 years production totaled 13.5 million tonnes. On the whole since the start of development a total of 36 million tonnes has been lifted from this deposit. Currently the daily production rate is 46 tonnes of which 36 tonnes is oil and the rest - water. Starting from 1952, production techniques started to use water injection methods and for the 50 years injected 32.5 million m3 of water. As a result 861 additional tonnes of oil was received.
Out of the 911 wells drilled on Garachuhur, 777 have so far been liquidated. Today only 46 is functioning and another 75 is in reserve stocks.
At the end of 2002, a total of 17 thousand tonnes of oil and 7 million m3 of gas was produced from this deposit, while for the past 6 months of the current year - 8.3 thousand tonnes of oil and 4.3 million m3 of gas was produced from here.
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
Azerbaijani judokas ready for Zagreb Grand Prix 2024
- 11.09.2024 [20:53]
Azerbaijan’s Central Election Commission convenes for another meeting
- 11.09.2024 [19:56]
Azerbaijan’s Economic Council holds meeting
- 11.09.2024 [19:32]
Another environmental campaign under “Temiz Dashkasan” project
- 11.09.2024 [17:59]
Jasur Mehdiyev claims bronze for Azerbaijan at World Nomad Games
- 11.09.2024 [17:52]
Azerbaijan, UN-Habitat discuss prospects for developing cooperation
- 11.09.2024 [17:46]
FOX News Media proposes second Harris-Trump debate
- 11.09.2024 [17:32]
Zoo animals escape as flood hits Nigerian state
- 11.09.2024 [17:30]
Max Verstappen: Baku street circuit is one of the challenging tracks
- 11.09.2024 [17:03]
Another 18 families in Lachin receive house keys
- 11.09.2024 [16:34]
Azerbaijani female athlete takes bronze at World Nomad Games
- 11.09.2024 [16:25]
® Azercell grants free access to “Litres” and “Busuu” apps
- 11.09.2024 [16:19]
Typhoon Yagi: Evacuations in Hanoi as death toll passes 150
- 11.09.2024 [15:36]
Pakistan jolted by earthquake, tremors felt in India and Afghanistan
- 11.09.2024 [15:21]
Pope arrives in Singapore for last leg of his longest trip
- 11.09.2024 [14:47]
Call for ‘solutions across the board’ as 79th General Assembly opens
- 11.09.2024 [14:09]
SCO Women’s Forum kicks off in China’s city of Qingdao
- 11.09.2024 [13:11]
Azerbaijani Army positions in Nakhchivan direction subjected to fire
- 11.09.2024 [12:48]
Azerbaijan ranks fourth in volume of direct foreign investments in Georgia
- 11.09.2024 [12:41]
Australia proposes legal minimum age for children accessing social media
- 11.09.2024 [12:28]
Bulgaria and Canada to exchange expertise in nuclear energy
- 11.09.2024 [11:39]
Oil prices surge in global markets
- 11.09.2024 [11:22]
China’s F1 driver Zhou Guanyu: Baku is a unique place
- 11.09.2024 [10:47]
About 40,000 users successfully register in SIMA daily
- 11.09.2024 [10:45]
Italy faces calls for hospital security crackdown after assaults on doctors
- 11.09.2024 [10:37]
Bodies of missing mountaineers found on Mont Blanc
- 11.09.2024 [10:09]
Azerbaijani oil price sells for $73.63
- 11.09.2024 [09:54]
King's Australia trip will be biggest since cancer diagnosis
- 11.09.2024 [09:45]
Azerbaijan relocates 18 more families to Lachin city
- 11.09.2024 [09:36]
Jeyhun Bayramov discusses cooperation with Kuwaiti ambassador
- 10.09.2024 [20:47]
All tickets for 2024 Formula 1 Qatar Airways Azerbaijan Grand Prix sold out
- 10.09.2024 [19:59]
Forum of Azerbaijani Scientists Living Abroad continues with discussions
- 10.09.2024 [19:55]
Azerbaijani, Turkish Defense Ministers praise bilateral military cooperation
- 10.09.2024 [18:53]
President Ilham Aliyev awards national Paralympic team
- 10.09.2024 [18:48]
Azerbaijani, Georgian Defense Ministers mull military cooperation
- 10.09.2024 [18:41]
Romanian media hails Azerbaijan’s role in European energy security
- 10.09.2024 [18:28]
Security a key area of cooperation
- 10.09.2024 [18:25]
Azerbaijani, Ukrainian FMs hold phone conversation
- 10.09.2024 [17:28]
Around 1,750 prisoners to be released in UK to ease prison overcrowding
- 10.09.2024 [17:09]
Chinese FA imposes life bans on 43 people for gambling, match fixing
- 10.09.2024 [16:16]
EU against Google and Apple: Big Tech's crunch day in court
- 10.09.2024 [15:56]
N. Korea's leader vows push for exponential increase in nuclear weapons
- 10.09.2024 [15:47]
Why night owls are at higher risk of diabetes
- 10.09.2024 [15:41]
Türkiye ‘neutralizes’ 13 PKK/YPG terrorists in northern Syria, Iraq
- 10.09.2024 [15:09]
® "Shaping Our Future Together"
- 10.09.2024 [15:07]
Azerbaijani delegation visits Tatarstan Investment Development Agency
- 10.09.2024 [14:53]
Azerbaijan boosts gas exports to Europe by over 10%
- 10.09.2024 [14:52]
Japan ex-top currency diplomat Masato Kanda to be nominated for ADB chief
- 10.09.2024 [14:29]
Dak Prescott makes NFL history with record-breaking contract
- 10.09.2024 [14:16]
® Azercell introduces a new Wi-Fi modem
- 10.09.2024 [13:13]
Central Bank: $90.74m worth of demand fully covered at FX auction
- 10.09.2024 [13:10]
Azerbaijan’s oil exports exceeded 16 million tons in January-August 2024
- 10.09.2024 [13:04]
Azerbaijani delegation watches 5th World Nomad Games in Astana
- 10.09.2024 [12:12]
Baku hosts Chain Reaction 2024 event
- 10.09.2024 [11:09]
SOFAZ holds series of meetings in China
- 10.09.2024 [10:55]
® Enjoy 6-month interest-free installments on “Trendyol” with Birbank card
- 10.09.2024 [10:45]
Marmolada glacier “in irreversible coma”, losing 10 cm a day
- 10.09.2024 [10:34]
Tropical Storm Francine: Southern US bracing for hurricane
- 10.09.2024 [10:32]
Azerbaijani oil dips to $76
- 10.09.2024 [10:22]
Apple banks on AI to boost sales of new iPhone 16
- 10.09.2024 [10:16]
Princess of Wales Kate says she has completed chemotherapy treatment
- 09.09.2024 [20:24]
Hot air balloon tours take flight over Türkiye’s ancient Gobeklitepe
- 09.09.2024 [19:46]
Forum of Azerbaijani Scientists Living Abroad kicks off in Baku
- 09.09.2024 [19:41]
Azerbaijan, Oman explore prospects for bilateral relations
- 09.09.2024 [19:31]
Azerbaijani athlete clinches World Nomad Games silver
- 09.09.2024 [19:11]
Azerbaijan’s Air Force holds another graduation ceremony
- 09.09.2024 [19:01]
Azerbaijan’s Central Election Commission convenes for another meeting
- 09.09.2024 [18:31]
Two Azerbaijani athletes grab bronzes at 5th World Nomad Games Astana 2024
- 09.09.2024 [18:03]
Special Representative of Azerbaijani President meets with Rais of Tatarstan
- 09.09.2024 [17:56]
Azerbaijani movie to be screened at Kazan International Film Festival 2024
- 09.09.2024 [17:51]