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Foreign Companies Decrease Oil Production in Onshore Fields of Azerbaijan

Oil&Gas Materials 12 September 2007 13:09 (UTC +04:00)

Azerbaijan, Baku / corr. Trend S.Aliyev / In January to August, Joint Venture and operating companies working in the onshore fields of Azerbaijan have produced more than 789,700 tons of oil, a decrease of 1.3% compared to the same period of last year, a source in State Oil Company of Azerbaijan (SOCAR) said.

In August the joint ventures and operating companies produced over 100,000 tons of oil.

The largest volume of oil production fell at the operating company Salyan Oil which is developing the contractual site "Kursang-Garabagli" - 212,200 tons.

The least oil production is obtained by the operating company Kura Valley - 34 tons.

Below is the summary table of gas production by relevant enterprises and operating companies in January-August 2007 (ths tons):

Joint Ventures and Operating Companies August 2007 January-August 2007
Salyan Oil 26490 212341
Shirvan Oil 18165 145991
Karasu OC 21635 175370
Azgerneft 6169 47058
Anshad Petrol 4068 31425
Gobustan 252 2564
Az.Seng-Li 780 5560
Binagadi OC 10022,484 78750,151
Karachukhur OC 971,910 6577,442
ОК Kura Valley 34 279
Suraxani Oil Operation 11942 83834
Total 100 529,394 789749,593
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