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SOCAR produces over 4.5 mln tons of oil

Oil&Gas Materials 13 September 2011 15:05

Azerbaijan, Baku, Sept.13 / Trend, E.Ismayilov /

In January-August SOCAR's oil and gas producing departments extracted about 35.1 million barrels of oil (about 4.8 million tons) in offshore and onshore fields of the country compared to over 35.8 million barrels (about 4.9 million tons) in January-August 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.

Some 8.25 million barrels fell to joint projects of SOCAR with foreign companies. About 1.6 million barrels fell to operating companies. Some 6.06 million barrels fell to "Azeri-Chirag-Guneshli" and 605,460 barrels fell to gas condensate from Shah Deniz field.

In January-August SOCAR received 4.86 billion cubic meters, compared to over 5.14 billion cubic meters during the same period of last year. SOCAR's oil and gas departments extracted about 4.55 billion cubic meters of gas. Joint ventures and operating companies which produce natural gas onshore delivered 140.3 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 2.56 million cubic meters of associated gas in the field "Azeri-Chirag-Guneshli" in January-August for SOCAR compared to over 2.25 million cubic meters during the same period of last year.

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