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SOCAR reduces oil production in Jan-Oct

Oil&Gas Materials 3 November 2005 13:20 (UTC +04:00)

In January to October 2005 the State Oil Company of Azerbaijan (SOCAR) produced 7,477,700 tons of oil from onshore and offshore fields or 18,200 less as compared 2004. The onshore and offshore oil and gas producing units (OGPU) of the SOCAR produced a total of 6659.5 tons of oil, or 51,000 tons (or 0.8%) down as compared to 2004.

In January to October 2005 the foreign companies under the joint ventures and operating companies lifted 818,200 tons of oil, or 32,800 tons (or 4.2%) more as compared 2004.

In January to October 2005 gas production amounted 4684.9 million cu m of natural gas, or 523.5 million cu m (or 12.6%) more than 2004. 3181.3 million cu m of gas production fell to the SOCAR, which is 52.1 million cu m less than 2004. JVs and OCs produced 86.5 million cu m of gas in this period, or 13.2 million cu m less than 2004. The Azerbaijan International Operating Company (AIOC) produced 1416.7 million cu m of associate gas, or 558.8 million cu m of fuel more as compared 2004.

Comparative table of oil and gas production in Azerbaijan in January to October August is as follows:

Oil

(ths. tons)

Oct 2005

Jan-Oct 2005

Jan-Oct 2004

Fact

Plan

Fact

%

Fact

%

Total

754,6

7288

7477,7

102,6

7495,9

99,8

OGPU

666,6

6604,1

6659,5

100,8

6710,5

99,2

JV&PSA

88

683,9

818,2

119,6

785,4

104,2

Gas

(in mln. cu m )

Total

563,6

4255,8

4684,5

110,1

4161

112,6

SOCAR

332,9

3246,9

3267,8

100,6

3333,1

98

OGPU

323,5

3169,4

3181,3

100,4

3233,4

98,4

JV&PSA

9,4

77,5

86,5

111,6

99,7

86,8

AIOC

230,7

1008,9

1416,7

140,4

827,9

171,1

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