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SOCAR Oil Production on par with Last Year

Oil&Gas Materials 18 December 2006 18:08 (UTC +04:00)

In January November 2006, the Oil & Gas Production Department of the Production Unit Azneft of the State Oil Company of Azerbaijan (SOCAR) has produced 7 mln 185,998 tons of oil, an increase of 0.2%, Trend reports. The largest volume of oil was produced by OGPU 28 May, which develops the field Gunashli. Within 11 months, oil production in this field was reportedly 5 mln 055,223 tons of oil which is less than last year by 2.4 percent.

The least volume of oil has been monitored in the field Muradkhanli. In January-November, 2006, 23,558 tons of oil was produced in this field, which is less by 15.7% 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-November 2006:

Oil and Gas Production Department

January-November fact

% in regard to January-November 2005

28 May

5055222.629

97,6

Neft Dashlari

826252.000

109,9

Named after Narimanov

420545.000

115,5

Balakhanineft

199259.000

98,9

Gum Adasi

150843.000

96,2

Apsheronneft

155710.000

102,1

Bibi-Heybatneft

128677.000

106,6

Surakhanineft

44437.000

98,0

Named after A.Amirov

75151.000

97,2

Named after G.Z.Tagiyev

65115.000

112,9

Siyazanneft

41228.000

105,9

Muradkhanli

23558.000

84,3

Total:

7185997.629

7185997.629

100,2

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