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Azerbaijan Significantly Increased Production of Azeri Light Crude in 2006

Oil&Gas Materials 10 January 2007 21:01 (UTC +04:00)

In 2006, AIOC (Azerbaijan International Operating Company), engaged in the development of block of fields Azeri-Chiragh-Gunashli (ACG) produced 20,260 mln. tons of oil branded Azeri Light on the contract area. This figure is on 10,074 mln. tons more versus the corresponding one of 2005.

Increase in the oil production is explained by the fact that in January, 2006, AIOC launched oil production from the western section of Azeri field and in November, 2006 вЂ" from the eastern sector of the field.

Trend was informed by AIOC, that the oil production from Chiragh Field in 2006 has reached 6,977 mln. tons versus 7,028 mln. tons in 2005. 16,283 mln. tons of oil were produced from Azeri Field in 2006 versus 6,109 mln. tons in 2005.

In December, 2006, AIOC total oil production reached 2,298 mln. tons of oil against 1,485 mln. tons in December, 2005. In December, 2006, the oil production from Chiragh Field was 579,288 tons against 617,9 thousand tons in December 2005. 1,719 mln. tons of oil were produced from Azeri Field in December, 2006 versus 868 thousand tons in December, 2005.

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