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SOCAR produced over 3m tons of oil in 2006

Oil&Gas Materials 3 May 2006 11:35 (UTC +04:00)

In January to April 2006 the State Oil Company of Azerbaijan (SOCAR) produced 2.96 million tons oil from the onshore and offshore fields of the country, or 1,200 tons more than 2005, the Company told Trend. In this period the oil and gas production units (OGPU) of SOCAR produced totally 2.61 million tons of oil, or 2,700 tons (0.1%) less as compared 2005.

Over the first 4 months of 2006 foreign companies within the joint ventures (JV) and operating companies (OC) producing carbohydrates from onshore fields with participation of SOCAR produced 348,640 tons oil, or 1,400 tons (0.4%) more as compared 2005.

According to SOCAR, in 2006 the total gas production in Azerbaijan comprised 2.24 billion cu m, or 591.9 million cu m (35.9%) more as compared 2004. The oil and gas production units of SOCAR produced 1.26 billion tons of gas, or 3.9 million cu m more as compared 2005. JVs and OCs produced 38.43 million cu m gas, or 7 million cu m less than 2005.

In this period the Azerbaijani International operating Company (AIOC) produced from the Azeri-Chirag-Gunashli field 939.97 million cu m of associated gas, or 595 million cu m more as compared 2004.

There 57 oil and gas fields in Azerbaijan, including 18 in offshore ones. Staff of the SOCAR is 59,170 people.

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

Oil

(ths. tons)

April

March

January-April

-April

2006

2006

2006

2005

%

Total

743,77

758

2959,97

2961,2

99,96

OGPU

654,1

665,4

2611.33

2614

99,9

JV&PSA

89,67

92,6

348.64

347,2

100,4

Gas

(in mln. cu m )

Total

584,75

587

2239.31

1647,4

135,9

SOCAR

313,2

323,71

1260.91

1257

100,3

OGPU

9,63

10,43

38.43

45,4

84,6

JV&PSA

261,92

252,86

939,97

345

272,5

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