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Azerbaijan Forecasts Considerable Rise of Annual Gas Production in Shah Deniz Field

Oil&Gas Materials 1 November 2008 14:11 (UTC +04:00)

Azerbaijan, Baku, 1 November / Trend / Azerbaijan forecasts all time high annual gas production in Shah Deniz field to reach to 9.6bln cu.m as compared to 8.6bln cu.m, which was forecasted earlier. These data was publicized in the draft budget of the country for 2009-2012.

According to forecasts, all time high annual gas production will make up 12.5bln cu.m in 2012.

In accordance with the budget forecasts for 2009-2012, it is expected to produce 31.5bln cu.m of gas and 61.8mln tons of oil in Azerbaijan in 2009.

A total of 13.9bln cu.m of gas of the lump amount, which will be produced in 2009, will fall on associated gas, produced in Azeri-Chirag-Guneshli field, 9.6bln. cu.m - on gas of Shah Deniz field and 8bln cu.m - on gas, produced by the State Oil Company of Azerbaijan Republic (SOCAR) independently.

Some 53.1mln tons of oil of total amount will fall on the Azerbaijan International Operation Company (AMOC) and 8.65nlm tons - on the SOCAR in 2009.

Budgetary forecasts on oil and gas production in Azerbaijan from 2009 to 2012:

Production Source

2009

2010

2011

2012

Gas with bln cu.m

Azeri-Chirag-Guneshli

13.9

15

15.7

16

Shah Deniz

9.6

9.6

9.6

12.5

SOCAR

8

8

8.5

9.25

Oil with mln tons

AMOC

53.1

55.5

54.9

50.6

SOCAR

8.65

8.6

8.58

8.56

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