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SOCAR Oil Production on par with Last Year

Oil&Gas Materials 5 October 2006 13:07 (UTC +04:00)

Over the period of January - September 2006, the Oil & Gas Production Department of the Production Unit Azneft of the State Oil Company of Azerbaijan (SOCAR) has produced 5,885,744 tons of oil, which is less than the same period of last year by 0.1%, Trend reports. The largest volume of oil was produced by OGPU 28 May, which develops the field Gunashli. Within 8 months, oil production in this field was reportedly 4,143,713 tons of oil which is less than last year by 2.1 percent.

The least volume of oil has been monitored in the field Muradkhanli. Over January-September, 19,585 tons of oil was produced in this field, which is less by 14.5% as compared with last year.

At present, efforts in the production of the private oil of SOCAR are directed mainly towards retaining the existing volumes of reserves.

The summary table is of the actual and planned oil produced (tons) by Azneft over the period of January-September 2006:

Oil and Gas Production

Department

January-September fact

% in regard to January-September 2005

28 May

4143713

97,9

Neft Dashlari

667816

108,7

Named after Narimanov

294125

115,7

Balakhanineft

159820

97,3

Gum Adasi

125655

97,8

Apsheronneft

127940

102,8

Bibi-Heybatneft

105245

108

Surakhanineft

44437

98

Named after A.Amirov

61370

96,5

Bulla Deniz

49494

101,5

Named after Tagiyev

53506

113,6

Siyazanneft

33038

101,2

Muradkhanli

19585

85,5

Total:

:

5885744

5885744

100,1

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