Absheron, a drilling arm of the Azerbaijan state oil and gas company (SOCAR), has started drilling on-shore well 1070 at the Pirallakhi Island field. The well has a projected depth of 780 meters, SOCAR reported in a news release.
The well will be operated by Absheronneft.
Geologists predict that the well will begin operating in September 2011 and provide a flow of 4 tons of crude a day.
Crude has been produced at the Pirallakhi field since 1902 and over the course of the past 107 years has produced 27 million tons of oil.
Twenty-five wells have been drilled in the last three years.
According to recent estimates, the well has oil reserves of 2 million tons.
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