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SOCAR reduces oil production in Jan-Nov

Oil&Gas Materials 2 December 2005 19:05

From January to November 2005 the State Oil Company of Azerbaijan (SOCAR) produced 8210,9 00 tons of oil from onshore and offshore fields or 20,4 00 less as compared 2004. The onshore and offshore oil and gas producing units (OGPU) of the SOCAR produced 7,306,500 tons of oil, or 54,7 00 tons (or 0.8%) down as compared to 2004.

From January to November 2005 the foreign companies under the joint ventures and operating companies lifted 904,4 00 tons of oil, or 34,3 00 tons (or 3.9%) more as compared 2004.

From January to November 2005 total gas production amounted 5241.1 million cu m of natural gas, or 663.8 million cu m (or 14.5%) more than 2004. 3590.4 million cu m of gas production fell to the SOCAR, which is 71.6 million cu m less than 2004. JVs and OCs produced 96.2 million cu m of gas in this period, or 16.5 million cu m less than 2004. The Azerbaijan International Operating Company (AIOC) produced 1650.7 million cu m of associate gas, or 735.4 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)

Nov 2005

Jan-Nov 2005

Jan-Nov 2004

Fact

Plan

Fact

%

Fact

%

Total

733,2

8007

8210,9

102,5

8231,3

99,8

OGPU

647

7248,5

7306,5

100,8

7361,2

99,3

JV&PSA

86,2

758,5

904,4

119,2

870,1

103,9

Gas

(in mln. cu m )

Total

556,6

4715,2

5241,1

111,2

4577,3

114,5

SOCAR

322,6

3568,1

3590,4

100,6

3662

98

OGPU

312,9

3481,9

3494,2

100,4

3549,3

98,4

JV&PSA

9,7

86,2

96,5

111,6

112,7

85,4

AIOC

234

1008,9

1650,7

143,9

915,3

180,3

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