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SOCAR REDUCES OIL & GAS HANDING

Oil&Gas Materials 3 September 2005 13:42 (UTC +04:00)

The oil and gas producing unions of the State Oil Company of Azerbaijan (SOCAR) handed 5347,100 tons oil for export and refining, the SOCAR told Trend.

From January to August foreign companies within joint ventures (JV) and operation companies (OC) producing hydrocarbons in the onshore fields with participation of the SOCAR handed 644,200 tons oil.

From January to August oil and gas producing enterprises handed 2,169,1m cu m gas for refining and distribution within country.

In January-August foreign companies within JVs and OCs producing hydrocarbons in the onshore fields with participation of the SOCAR handed 20.2m cu m gas. However, the Anshad Petrol JV sold 16.3m cu m gas to the SOCAR within the free sale.

From January to August the Azerbaijani International Operating Company (AIOC) produced 974,8m cu m gas in the Azeri-Chirag-Guneshli field and handed 858,1m cu m gas

to the SOCAR. The deference was used by the AIOC for oil and gas operations during the drilling and oil producing.

Table on handing of oil and gas in Azerbaijan from January to August 2005 is as follows:

Oil

(hundred tons)

Aug 2005

Jan-Aug 2005.

Jan-Aug 2004

Fact

Plan

Fact

%

Fact

%

Total

752,7

5759,1

5932,3

103

5895,2

100.6

OGPU

671,1

5233

5288,1

101,1

5317,9

99,4

JV&PSA

81,6

526,1

644,2

122,4

577,3

111,6

Gas

(m cu m)

Total

465,2

2809,9

3063,7

109

2805,1

109,2

SOCAR

276,1

2135,9

2189,3

102,5

2269

96,5

OGPU

273,9

2089,3

2169,1

103,8

2235,3

97

AIOC

188,3

674

858,1

127,3

528,4

162,4

JV & PSA

2,2

46,6

20,2

43,3

33,7

59,9

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