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SOCAR ups oil production in January-July

Oil&Gas Materials 18 August 2010 13:27 (UTC +04:00)

Azerbaijan, Baku, Aug. 18 / Trend /

In January- July, SOCAR's oil and gas departments extracted about 31.3 million barrels (about 4.3 million tons) in offshore and onshore fields of the country compared to about 31.2 million barrels (over 4.2 million tons) in January- July 2009, SOCAR said.

About 7.6 million barrels fall to joint projects of SOCAR with foreign companies. About 1.3 million barrels fall to operating companies. About 5.6 million barrels fall to "Azeri-Chirag-Guneshli", 676,200 barrels fall to gas condensate from Shah Deniz field.

In January-July SOCAR received about 4.52 billion cubic meters, compared to over 4.5 billion cubic meters during the same period of last year. SOCAR's oil and gas departments extracted about 4.2 billion cubic meters of gas. Joint ventures and operating companies which produce natural gas onshore delivered SOCAR 41.4 million cubic meters of gas in January-July.

Azerbaijan International Operating Company (AIOC) extracted about 2 billion cubic meters of associated gas in the field "Azeri-Chirag-Guneshli" in January-March for SOCAR compared to 2.4 billion cubic meters during the same period of last year.

There are 59 oil and gas fields, of which 18 offshore, the rest onshore in Azerbaijan.

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