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Azerbaijan ups oil and gas production

Oil&Gas Materials 18 December 2010 12:00 (UTC +04:00)

Azerbaijan, Baku, Dec. 18 / Trend /

In January-November, Oil and Gas Production Management of the State Oil Company of the Azerbaijan Republic (SOCAR) extracted about 49.3 million barrels (over 6.7 million tons) in offshore and onshore fields of the country compared to over 49 million barrels (about 6.69 million tons) in January-November 2009, SOCAR said.

About 11.9 million barrels fell to joint projects of SOCAR with foreign companies. Over 2 million barrels fell to operating companies. About 11 million barrels fell to "Azeri-Chirag-Guneshli" and over 1 million barrels fell to gas condensate from Shah Deniz field.

SOCAR received about 7 billion cubic meters, compared to about 6.67 billion cubic meters during the same period of last year. SOCAR's Oil and Gas Production Management extracted about 6.4 billion cubic meters of gas. Joint ventures and operating companies which produce natural gas onshore delivered SOCAR 91 million cubic meters of gas in January-November.

Azerbaijan International Operating Company (AIOC) extracted over 3.1 billion cubic meters of associated gas in the field "Azeri-Chirag-Guneshli" in January-November for SOCAR compared to over 3.6 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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