SOCAR produced over 1.4m tons oil in 2006

In January to February 2006 the State Oil Company of Azerbaijan (SOCAR) produced 1458,200 tons oil from the onshore and offshore fields of the country, or 6,000 tons more than 2005, the Company told Trend. In this period the oil and gas production units (OGPU) of SOCAR produced totally 1291,800 tons of oil, or 5,300 tons (0.4%) less as compared 2005.

Over the first 2 months of 2006 foreign companies within the joint ventures (JV) and operating companies (OC) producing carbohydrates from onshore fields with participation of SOCAR produced 166,400 tons oil, or 0,700 tons (0.4%) more as compared 2005.

According to SOCAR, in 2006 the total gas production in Azerbaijan comprised 106.6 million cu m, or 259.3 million cu m (32.1%) more as compared 2004. The oil and gas production units of SOCAR produced 624 million tons of gas, or 5.6 million cu m more as compared 2005. JVs and OCs produced 18.4m cu m gas, or 3.8 million cu m less than 2005.

In this period the Azerbaijani International operating Company (AIOC) produced 425.2 billion cu m of associated gas, or 257.5m cu m more as compared 2004.

Comparative table of oil and gas production in January to February 2006 is as follows:

Oil

(ths. tons)

February 2005

2005

January February 2006

February 2006

January- February 2005

Fact

Plan

Fact

%

Fact

%

Total

703,3

1421,9

1458,2

102,6

1452,2

100,4

OGPU

623,5

1254,1

1291,8

103

1286,5

100,4

JV&PSA

79,8

167,8

166,4

99,2

165,7

100,4

Gas

(in mln. cu m )

Total

536,3

1052,3

1067,6

101,5

808,3

132,1

SOCAR

302,6

646,7

642,4

99,3

640,6

100,3

OGPU

294

613,7

624

101,7

618,4

100,9

JV&PSA

8,6

32,97

18,4

55,8

22,2

82,9

AIOC

233,7

405,5

425,2

104,9

167,7

253,5

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