CASPIAN OIL & GAS - SOCAR reveals output volume at Oil Rocks

SOCAR reveals output volume at Oil Rocks


By Leman Zeynalova – Trend:

More than 175.5 million tons of oil has been produced from the Oil Rocks in Azerbaijan over 70 years of the field development, Azerbaijan’s state oil company SOCAR told Trend.

Nearly 13.6 billion cubic meters of natural gas have been extracted at the Oil Rocks during this period, said the company.

Oil Rocks is the oldest field in Azerbaijan. Its development began in 1949.

Oil Rocks is an industrial settlement in Baku, Azerbaijan. A full town on the sea, it was the first oil platform in Azerbaijan, and the first operating offshore oil platform in the world, incorporating numerous drilling platforms.

The first large-scale geological study of the area was conducted in 1945–1948. The settlement of Oil Rocks was built after oil was discovered there on 7 November 1949, at 1,100 metres beneath the Caspian Sea.