OREANDA-NEWS. August 10, 2011. SOCAR (except Joint Ventures and Operating Companies) conducted 13058 meters drilling works in July, 2011. Of this amount, development drilling made up 10306 m and exploration drilling - 2752 m (including 460 test drilling). As a whole, in January-July of 2011, SOCAR (except Joint Ventures and Operating Companies) conducted 91591 m drilling works including 84192 m development drilling and 7399 m exploration drilling (including 1060 test drilling).

State Oil Company of Azerbaijan Republic (SOCAR) is one of the largest oil companies in the world. Using the oil reserves based on the indivisible state policy, to improve the management structure of the oil industry, to provide development of the petroleum energy complex for this purpose under the order of the president of Azerbaijan republic on the basis of the State Concern and Azerneftkimiya the State Oil Company of Republic was established.

Generally at different times the unifying of the oil industry in itself Azerneft depending on specifics of the unified and managed enterprise has been carrying different names (Azerbaijan SSR peoples Commissars, USSR supreme people economic Soviet, the Heavy industry Ministry, the Soviet for Azerbaijan people economy) Azerneft committee, Azerneftkombinat ( afterwards ''Azerneft'', ''Azerneft zavodlar'', and ''Azernaftgayirma'') ''Azernaftchikarma''. On the basis of Azerneft Azerbaijan oil industry Ministry (1954-1959), Azerbaijan oil exploring ministry was created. In August 1970 it was named ''Azerneft'' again. Azerneft was to manage the oil industry of Azerbaijan, to rebuild the collapsed production of oil and oil related products and was the company to do the above mentioned. Since the creation of SOCAR there were many changes that were made to its structure.

So according to the President of Azerbaijan Republic decree as of January 10th 1994 to improve the structure in accordance with the 50th decree in the state oil structure on land and on sea Oil and Gas exploration production unions were created. In accordance with improving SOCAR`s structure January 24th 2003 844 number order has been issued uniting the on the sea and on the soil oil gas production unions Azneft production union has been created.