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SOCAR Publicizes Oil & Gas Production 2006

Oil&Gas Materials 9 January 2007 12:56 (UTC +04:00)

In 2006, the State Oil Company of Azerbaijan (SOCAR), Operating Companies (OC) and Joint Ventures (JV) produced 8.99mln tons of oil from onshore and offshore fields of the Country, which is by 26,300 tons (0.3%) more than 2005.

Over January-December 2006, foreign companies within the joint ventures (JV) and operating companies (OC) produced 7.84mln tons oil, which is by 11,870 tons (0.2%) more than was produced in 2005.

During this period the oil and gas production units (OGPU) of SOCAR produced a total of 1.15mln tons of oil, or 14,460 tons (1.3%) more as compared to 2005, the Company told Trend

According to SOCAR, in 2006, the total gas production in Azerbaijan comprised of 6.82bln cu.m. or 1bln cu.m. (17.3%) more as compared to 2005. The oil and gas production units of SOCAR produced 4.34bln cu.m. of gas, or 541.89mln cu.m. (14.3%) more as compared to 2005. JV and OC produced 114.58mln cu.m. of gas in January вЂ" December 2006, or 16.19mln cu.m. (12.4%) less than in 2005.

During this period the Azerbaijan International operating Company (AIOC) produced, from the Azeri-Chirag-Gunashli field, 2.3bln cu.m. of associated gas, or 414.16mln cu.m. (21.9%) more as compared to 2005.

There are 57 oil and gas fields in Azerbaijan, including 18 offshore. SOCAR staff consists of 59,170 employees.

Comparative table of oil and gas production in Azerbaijan in January-December 2006 is as follows:

Oil

(ths. tons)

ths. tons)

December

January-December

-December

2006

2006

2005

%

Total

756,68

8993

8967

100,3

OGPU SOCAR

655,27

7841

7829

100,2

JV and OC

101,41

1152

1138

101,3

Gas

(mln cu m)

Total

668,93

6825

5818

117,3

OGPU SOCAR

444,14

4341

3799

114,3

JV and OC

11,59

114,58

130,77

87,6

AIOC (for SOCAR)

205,90

2301

1887

121,9

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