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INPEX increases oil & gas production in Eurasia

Oil&Gas Materials 17 February 2021 13:23 (UTC +04:00)

BAKU, Azerbaijan, Feb.17

By Leman Zeynalova – Trend:

For Eurasia (Europe & NIS), the total production (crude oil and natural gas) of Japan’s INPEX company for fiscal year 2020 was 56.3 thousand BOED, Trend reports citing the company.

Production, Orders Received and Sales Performance 1) Actual production

The following table shows actual production by segment:

Segment

Category

Corresponding Period of the Previous Fiscal Year*8

For the year ended December 31, 2020

Eurasia (Europe & NIS)

Crude oil

17.4 MMbbls (47.7 Mbbls per day)

19.0 MMbbls (51.9 Mbbls per day)

Natural gas

9.3 Bcf (25.5 MMcf per day)

9.1 Bcf (24.8 MMcf per day)

Subtotal

19.1 MMboe (52.3 Mboe per day)

20.6 MMboe (56.3Mboe per day)

Sulfur

88.9 Mtons

88.3 Mtons

Consolidated net sales of INPEX company for the year ended December 31, 2020 decreased by ¥400.1 billion, or 34.2 percent, to ¥771.0 billion from the corresponding period of the previous fiscal year due to decreases in sales price and sales volume of crude oil.

Net sales of crude oil decreased by ¥366.0 billion, or 42 percent, to ¥505.5 billion, and net sales of natural gas decreased by ¥30.4 billion, or 10.8 percent, to ¥250.5 billion. Sales volume of crude oil decreased by 5,033 thousand barrels, or 4.1 percent, to 117,282 thousand barrels. Sales volume of natural gas increased by 47,357 million cf, or 11.3 percent, to 467,466 million cf.

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Follow the author on Twitter: @Lyaman_Zeyn

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