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SOCAR’s gas output down in January-May

Oil&Gas Materials 19 June 2017 19:22 (UTC +04:00)

Baku, Azerbaijan, June 19

By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR produced 2.47 billion cubic meters of gas from onshore and offshore fields using its own funds in January-May 2017, as compared to 2.65 billion cubic meters of gas in the same period of 2016, SOCAR said in a message posted on its website June 19.

SOCAR also produces gas from the Shah Deniz and Azeri-Chirag-Gunashli fields, developing them jointly with foreign partners.

Total volume of gas produced from the contract fields and fields being developed independently by SOCAR stood at 11.72 billion cubic meters in January-May 2017, as compared to 12.47 billion cubic meters in the same period of 2016.

In 2016, SOCAR produced 6.27 billion cubic meters of gas from the country’s onshore and offshore fields using its own funds, as compared to 6.87 billion cubic meters of gas in 2015.

Total volume of gas produced from the contract fields and fields being developed independently by SOCAR stood at 29.37 billion cubic meters in 2016, as compared to 29.05 billion cubic meters in 2015.

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Follow the author on Twitter: @MaksimTsurkov

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