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SOCAR ups gas production from ACG

Oil&Gas Materials 13 May 2011 15:37 (UTC +04:00)

Azerbaijan, Baku, May 13 / Trend/

SOCAR's Oil and Gas Producing Management extracted about 17.4 million barrels of oil (about 2.4 million tons) in offshore and onshore fields of the country in January-April compared to over 17.7 million barrels (2.42 million tons) in January- April 2010, SOCAR said.

In 2010, oil and gas producing departments of SOCAR extracted about 53.36 million barrels (7.28 million tons) in offshore and onshore fields of the country compared to about 53.52 barrels (7.3 million tons) in 2009.

About 4.15 million barrels fell to joint projects of SOCAR with foreign companies. About 778,400 barrels fell to operating companies. About 3.1 million barrels fell to "Azeri-Chirag-Guneshli" and 294,700 barrels fell to gas condensate from Shah Deniz field.

In January-April SOCAR received about 2.4 billion cubic meters, compared to about 2.6 billion cubic meters during the same period of last year. SOCAR's oil and gas departments extracted 2.24 billion cubic meters of gas. Joint ventures and operating companies which produce natural gas onshore delivered 72.1 million cubic meters of gas to SOCAR during this period.

SOCAR received about 7.6 billion cubic meters in 2010, compared to about 7.33 billion cubic meters in 2009.

Azerbaijan International Operating Company (AIOC) extracted 1.34 billion cubic meters of associated gas in the field "Azeri-Chirag-Guneshli" in January-April for SOCAR compared to 1.12 million cubic meters during the same period of last year.

There are over 55 oil and gas fields, of which 18 offshore, the rest onshore in Azerbaijan.

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