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
Azerbaijan`s Victory Day marked in Rome
- 05.11.2026 [22:14]
North Korea likely to secure UNESCO listing for taekwondo
- 05.11.2026 [21:35]
Dutch airline KLM announces restructuring affecting around 5,000 positions
- 05.11.2026 [21:35]
Barcelona captain Raphinha extends contract until 2030
- 05.11.2026 [21:19]
Eiffel Tower closed amid nationwide protests, strikes in France
- 05.11.2026 [20:55]
Baku-hosted international summit explores governance innovations
- 05.11.2026 [20:20]
Azerbaijan, FAO discuss cooperation, joint projects
- 05.11.2026 [20:14]
Top stories update
- 05.11.2026 [20:00]
Azerbaijan’s Parliament Speaker embarks on working visit to Kazakhstan
- 05.11.2026 [19:36]
Azerbaijan, Estonia explore possibility of holding business forums
- 05.11.2026 [19:11]
Azerbaijan, Greece discuss cooperation in digital development
- 05.11.2026 [19:06]
Azerbaijan, Ukraine hold business roundtable
- 05.11.2026 [18:58]
Azerbaijan to promote Garabagh’s investment opportunities in Türkiye
- 05.11.2026 [18:41]
Baku hosts First Azerbaijan Regional Aquaculture Forum
- 05.11.2026 [18:30]
From Shavkat Mirziyoyev, President of the Republic of Uzbekistan
- 05.11.2026 [18:26]
Azerbaijan’s Victory Day celebrated in Berlin
- 05.11.2026 [18:00]
Polish media highlights Azerbaijan’s growing role in Middle Corridor
- 05.11.2026 [17:43]
French lawmakers reject 2027 budget revenue section with no votes in favor
- 05.11.2026 [17:41]
Guinea aims to modernize public services by 2040 based on ASAN Khidmet model
- 05.11.2026 [16:55]
416 Afghan prisoners freed from Pakistani jails, returned home
- 05.11.2026 [16:55]
Azerbaijan’s Victory Day celebrated in Israel
- 05.11.2026 [16:24]
Azerbaijan and Georgia National Defense Universities share experience
- 05.11.2026 [16:10]
Number of countries represented in Global South Youth Platform reaches 40
- 05.11.2026 [16:07]
Cristiano Ronaldo announces retirement from international football
- 05.11.2026 [16:04]
Central Bank, Binance discuss tokenization of real-world assets
- 05.11.2026 [15:49]
November 8 – Azerbaijan’s Victory Day celebrated in Seoul
- 05.11.2026 [15:48]
Bomb threats reported on multiple flights across Europe
- 05.11.2026 [15:12]
Ulvi Mehdiyev: Azerbaijan’s ASAN model exported to more than 50 countries
- 05.11.2026 [13:25]
Azerbaijani chess player wins bronze at U20 World Championships
- 05.11.2026 [13:24]
Up to 780,000 protesters expected across France amid heavy police deployment
- 05.11.2026 [12:46]
® Birbank Biznes offers up to 5% discount on micro business loans
- 05.11.2026 [12:45]
Hezbollah denies involvement in war in Yemen on Houthi side
- 05.11.2026 [12:33]
UN Summit participants visit ASAN Khidmet Center in Baku
- 05.11.2026 [12:20]
Top stories update
- 05.11.2026 [12:01]
Israeli study points to a future of AI training through self-generated data
- 05.11.2026 [11:42]
Azerbaijan’s Victory Day celebrated in Paris
- 05.11.2026 [11:26]
World 'not ready' to adapt to worsening climate impacts: UN report
- 05.11.2026 [11:24]
9th China International Import Expo opens in Shanghai
- 05.11.2026 [11:12]
Azerbaijan, Uzbekistan discuss development of innovation ecosystems
- 05.11.2026 [11:10]
Bulgaria and Saudi Arabia step up cooperation in security, internal affairs
- 05.11.2026 [11:06]
Azerbaijan’s Victory Day and National Flag Day celebrated in Toronto
- 05.11.2026 [11:04]
UNESCO body recommends Japan's shodo calligraphy for cultural heritage list
- 05.11.2026 [10:46]
Gold and silver prices rise on global markets
- 05.11.2026 [10:40]
UN Governance Innovation Summit kicks off in Baku
- 05.11.2026 [10:40]
Oil prices decline on global markets
- 05.11.2026 [10:33]
Azeri Light sells for $106.81
- 05.11.2026 [10:30]
SOCAR, Comstock sign definitive purchase and sale agreement
- 05.11.2026 [10:01]
Fenerbahce stun Liverpool for first Champions League win in 18 years
- 05.11.2026 [09:57]
Garabagh Revival Fund participates in “AIREX 2026”
- 04.11.2026 [22:40]
Expert: Azerbaijan is turning energy and peace into strategic capital
- 04.11.2026 [22:14]
Baku hosts opening ceremony of World Fire and Rescue Sports Championships
- 04.11.2026 [21:53]
Top stories update
- 04.11.2026 [20:00]
Azerbaijan’s Victory Day celebrated with chess tournament in Gothenburg
- 04.11.2026 [19:31]
Azerbaijan, Estonia expand cooperation in digital development and transport
- 04.11.2026 [19:19]
Azerbaijan’s Victory Day celebrated in Pakistan
- 04.11.2026 [19:16]
Scott Parker appointed West Ham United Head Coach
- 04.11.2026 [19:08]
2,313 Azerbaijani nationals work for bp
- 04.11.2026 [18:49]
First group of Bulgaria's 35th Antarctic expedition to depart on Thursday
- 04.11.2026 [18:37]
From Salim bin Mohammed AlMalik, Director-General of ICESCO
- 04.11.2026 [18:32]
Mongolia, Türkiye discuss expanding educational cooperation
- 04.11.2026 [18:27]
London hosts 2nd Azerbaijan-UK Policy Dialogue
- 04.11.2026 [18:24]
Gulustan Mausoleum – A rare gem of Azerbaijani stone art
- 04.11.2026 [18:16]
bp spends $1.1 million on sponsorship projects in Azerbaijan in 2026
- 04.11.2026 [17:57]
PSG sets Champions League record in Villarreal rout
- 04.11.2026 [17:47]
Indonesia, China agree to strengthen agricultural cooperation
- 04.11.2026 [17:44]
Global accounting reveals economic toll of ecosystem losses from rising seas
- 04.11.2026 [17:28]