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SOCAR REDUCES OIL PRODUCTION IN JAN-SEP

Oil&Gas Materials 4 October 2005 18:46

In January to September 2005 the State Oil Company of Azerbaijan (SOCAR) produced 5,991,200 tons of oil from onshore and offshore fields or 1,800 less as compared 2004. The onshore and offshore oil and gas producing units (OGPU) of the SOCAR produced a total of 5992.9 tons of oil, or 32,400 tons (or 0.5%) down as compared to 2004.

In January to September 2005 the foreign companies under the joint ventures and operating companies lifted 730,200 tons of oil, or 31,600 tons (or 4.5%) more as compared 2004.

In January to September 2005 gas production amounted 4120.9 million cu m of natural gas, or 388.6 million cu m (or 10.4%) more than 2004. 2857.8 million cu m of gas production fell to the SOCAR, which is 44.4 million cu m less than 2004. JVs and OCs produced 77.1 million cu m of gas in this period, or 15.4 million cu m less than 2004. The Azerbaijan International Operating Company (AIOC) produced 1186 million cu m of associate gas, or 448.4 million cu m of fuel more as compared 2004.

Comparative table of oil and gas production in Azerbaijan in January to August is as follow

Oil

(ths. tons)

Sep 2005

Jan- Sept 2005

Jan-Sep 2004

Fact

Plan

Fact

%

Fact

%

Total

731,9

6545

6723,1

102,7

6723,9

100

OGPU

645,8

5938,2

5992,9

100,9

6025,3

99,5

JV&PSA

68,1

606,8

730,2

120,3

698,6

104,9

Gas

(in mln. cu m )

Total

531,3

3781

4120,9

109

3732,3

110,4

SOCAR

320

2915

2934,9

100,7

2994,7

98

OGPU

311,4

2846,5

2857,8

100,4

2902,2

98,5

JV&PSA

8,6

68,5

77,1

112,6

92,5

83,4

AIOC

211,3

866

1186

137

737,6

160,8

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