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25.06.2008
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1904
In Baku, a Russian Nobel Prize was established and named after Immanuel Nobel. The prize was awarded for best works and inventions in the oil industry. The prize, determined by BO IRTO, was worth 1,000 gold rubles.
1905
Marking a first for the world's oil industry, the principles of oil compression were applied to the wells in Balakhani.
1906
The first white oil gusher appeared, in Surakhani.
1908
For the first time in Baku, the Nobel Brothers produced a high-quality Vaseline-type substance from Cheleken oil (both white and yellow).
1909
Baku petrochemist Victor Herr, Chair of the Chemical Lab at BO IRTO, became the first laureate of the Russian Emmanuel Nobel Prize.
The Bibi-Heybat Bay was filled in with earth, a process that was completed in 1932 under the leadership of engineer Pavel Pototsky. This process was intended to make drilling for oil easier, since underwater drilling was not considered possible at that time.
1911
In Surakhani, engineer Von Gaber succeeded in completing the first well to use rotary drilling.
1913
The Mukhtarov Joint Stock Company was established in Baku.
Ivan Gubkin (1871-1939), who later became known as the Founder of Oil Geology, began studying oil in Absheron.
1915
Toluene, which is similar to benzene, is produced due to military demands. Production was organized in three Baku factories - the Neftegaz; Joint Stock Company, the Benkendorf and the Military Industry Committee.
Professors Nikolay Zelinsky and S. A. Vishetravsky visited Baku and delivered speeches on Toluene and The Practical Production of Benzene and Toluene from Oil and Coal.
1915-1916
The process of gaslift was tested for the first time, as deep pumps were submerged in the Romani oil fields on Absheron.
1918
In March, pogroms against Azerbaijanis were carried out by Armenians and Bolsheviks in Baku. The Ismailiyya Palace was among the many buildings burned and destroyed during that rampage, which left an estimated 12,000 civilians dead. The Palace was built by Musa Naghiyev, who was acknowledged as the wealthiest of all Oil Barons in Baku.
1920
On April 28, Bolsheviks seized power in Baku. This led to the establishment of Soviet authority, which lasted for more than 70 years until December 1991, when Azerbaijan gained its independence. All private property was seized; most Oil Barons fled Baku for other countries; most of the lavish residences built by the Oil Barons in the center of the city were confiscated and converted into multiple apartments for multiple families.
In May, the name of the journal The Oil Business was changed to Azerbaijan Oil Industry.
On November 14, the Baku Polytechnic Institute was established, becoming the first institute in Europe and Asia to train engineers in all fields of the oil industry. Later, it became known as the Azerbaijan Institute of Oil and Chemistry named after Mashadi Azizbeyov. After Azerbaijan gained its independence in 1991, the institute became known as the Azerbaijan State Oil Academy.
ANSADPETROL-JV Company was established in 1998 and is one of the largest oil companies in the Azerbaijan. 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. The company 600,000 tons of incremental production (against planned 771.96- thousand tons) by applying tertiary recovery methods. We produced 808,960 tons of oil (against planned 940,090 tons) by the application of hydrodynamic production methods. Totally 1,808,400 tons of oil (planned 1,758.6 thousand tons) were produced due to tertiary and hydrodynamic recovery methods, that is 11.1% of the total production for 2007.
0.1. 10 wells were put into operation using sidetracking and horizontal drilling techniques. The average incremental production rate per one well is 1.5 tons/day. 10,200 tons of oil (against planned 8.401 thousand tons) were produced in the year 2007. 113.2 thousand tons of oil (against planned 109.047 thousand tons) was produced as a result of introduction of the tertiary methods in previous years
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