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SOCAR Increases Gas Production

Oil&Gas Materials 5 September 2006 13:01 (UTC +04:00)

In January to August 2006 the oil and gas producing units of Azneft have produced 2,631,422 cu. m. of gas, a 4.1% increase from last year, Trend reports.

The largest gas volume has been lifted by 28 May OGPU, which is involved in the development of Gunashli field. It holds the major volume of oil and gas of SOCAR. In January to August 2006 1, 710,520 cu.m. of gas was lifted, 9.4% more than in 2005.

The least amount of gas and oil production was observed in the Muradkhanly field, where 400,000 cu. m. of gas has been produced in January to August 2006, similar to last years figure.

The considerable lag in gas production was observed in Balakhanineft, where 6,338 cu. m. of gas was lifted, a 42.1% decrease from last year. Despite, SOCARs success at maintaining their target of the existing volumes in the gas production, they are keen to supersede this by the drilling of new wells, as well as the collection of higher gas pressure.

This is a comparative table of the actual and planned gas production by Azneft in January to August 2006 (in cu. m.):

Oil and gas producing units (OGPU)

Jan-Aug, fact

-Aug, fact

% in respect to Jan-to Aug 2005

28 May

May

1710520

109,4

Neft Dashlari

34740

100,0

Narimanov

356450

102,6

Balakhanineft

6338

57,9

Gum Adasi

208160

88,1

Absheronneft

25675

94,8

Bibi-Heybat

14460

99,8

Surakhanineft

4450

73,1

Amirov

28617

123,3

Bulla-Deniz

224172

91,2

Tagyev

6260

97,1

Siyazanneft

11180

91,9

Muradkhanly

400

100,0

Units of Azneft

of Azneft

2631422

104,1

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