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State Oil Company produced nearly 5.2mln ton of oil in January-June

Oil&Gas Materials 3 August 2006 19:24 (UTC +04:00)

During January-July 2006 the State Oil Company of Azerbaijan alongside operating companies and joint ventures produced 5.203mln ton of oil at offshore and onshore fields of the country, down 26.5k ton over year.

SOCAR officials told Trend oil production by Oil&Gas Extraction Units (OGEU) onshore and offshore totaled 4,559,700 ton in January-July, down 34.5k ton (0.8%) over year.

In January-July foreign companies within operating companies and joint ventures produced 643.8k ton of oil, up 8k ton (1.3%) over year.

In January-July gas production in Azerbaijan totaled 3.88371 bn m3, up 830mln m3 (27.2%) over year. SOCAR OGEUs in January-July produced 2.25921bn m3, up 51.6mln m3 over year. Operating companies and joint ventures produced 66.35mln m3 of gas during reported period, down 10.1mln m3 over year.

There are 57 oil&gas fields in Azerbaijan, from which 18 located offshore and the other onshore. The SOCAR personnel today comprises 59,170 people.

Summary table of oil and gas production in Azerbaijan during January-July 2006 looks as follows:

Oil

(thous ton)

thous ton)

July

June

January-July

2006

2006

2006

2005

%

Total

753,1

733,0

5203,5

5230,0

0,5

SOCAR OGEU

650,4

633,7

4559,7

4594,2

0,8

operating companies and joint ventures

102,7

99,3

643,8

635,8

1,3

Gas

(mln m3)

mln m3)

Total

498,15

522,3

3883,71

3053,7

27,2

SOCAR OGEU

345,90

321,8

2259,21

2207,6

2,3

operating companies and joint ventures

8,97

9,4

66,35

76,4

13,2

AIOC (for SOCAR)

(for SOCAR)

124,20

183,4

1520,65

769,7

97,6

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