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SOCAR ups gas production in 2010

Oil&Gas Materials 24 January 2011 17:46 (UTC +04:00)

Azerbaijan, Baku, Jan. 24 / Trend /

In 2010, Oil and Gas Production Management of the State Oil Company of the Azerbaijan Republic (SOCAR) extracted about 53.36 million barrels (over 7.28 million tons) in offshore and onshore fields of the country compared to about 53.52 barrels (about 7.3 million tons) in 2009, SOCAR said.

About 13 million barrels fell to joint projects of SOCAR with foreign companies. Some 2.2 million barrels fell to operating costs of the companies. About 9.7 million barrels fell to "Azeri-Chirag-Guneshli" and 1.1 million barrels fell to gas condensate from Shah Deniz field.

SOCAR received about 7.6 billion cubic meters, compared to about 7.33 billion cubic meters during last year. SOCAR's Oil and Gas Production Management extracted over 7 billion cubic meters of gas. Joint ventures and operating companies, which produce natural gas onshore, delivered SOCAR 112.5 million cubic meters of gas in 2010.

Azerbaijan International Operating Company (AIOC) extracted over 3.44 billion cubic meters of associated gas in the field "Azeri-Chirag-Guneshli" in 2010 for SOCAR compared to over 3.9 billion cubic meters last year.

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

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