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SOCAR Oil Production on par with Last Year

Oil&Gas Materials 16 November 2006 18:34 (UTC +04:00)

Over the period of January October 2006, the Oil & Gas Production Department of the Production Unit Azneft of the State Oil Company of Azerbaijan (SOCAR) has produced 6,544,791 tons of oil, which is less than the same period of last year by 0.2%, 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 4,602,609 tons of oil which is less than last year by 2.4%.

The least volume of oil has been monitored in the field Muradkhanli. Over January-October 2006, 21,825 tons of oil was produced in this field, which is less by 14.3% 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-October 2006:

Oil and Gas Production Department

January-October fact

% in regard to January-October 2005

28 May

4602609.375

97,6

Neft Dashlari

749744.000

109,6

Named after Narimanov

383185.000

115,2

Balakhanineft

179551.000

97,3

Gum Adasi

139067.000

98,0

Apsheronneft

142050.000

102,4

Bibi-Heybatneft

117134.000

108,0

Surakhanineft

44437.000

98,0

Named after A.Amirov

68595.000

97,3

Bulla Deniz

59396.000

113,3

Named after Tagiyev

37198.000

105,0

Siyazanneft

21825.000

85,7

Muradkhanli

6544791.000

100,2

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