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SOCAR Publicizes Volume of Oil and Gas Production in Azerbaijan in Jan-Feb

Oil&Gas Materials 7 March 2007 17:07 (UTC +04:00)

Azerbaijan, Baku /corr Trend S.Aliyev / In January to February 2007, the State Oil Company of Azerbaijan (SOCAR), Operating Companies (OC) and Joint Ventures (JV) produced 1,443,860mln tons of oil from onshore and offshore fields of the Country, which is by 14,370 tons (0.1%) more than was produced in 2006.

In his period foreign companies within the joint ventures (JV) and operating companies (OC) produced 1,251,730 tons oil, which is by 23,110 tons (1.8%) more than was produced in 2006.

During this period the oil and gas production units (OGPU) of SOCAR produced a total of 192,130mln tons of oil, or 8,740 tons (4.8%) more as compared to 2006.

According to SOCAR, in January to February 2007, the total gas production in Azerbaijan comprised of 1,393,96mln cu.m. or 326.40mln cu.m. (30.6%) more as compared to 2006. The oil and gas production units of SOCAR produced 852.6mln cu.m. of gas, or 231.61mln cu.m. (37.3%) more as compared to 2006. JV and OC produced 20.98mln cu.m. of gas in this period, or 0.43mln cu.m. (1.9%) less than in 2006.

During this period the Azerbaijan International operating Company (AIOC) produced, from the Azeri-Chirag-Gunashli field, 463.41mln cu.m. of associated gas, or 38.22mln cu.m. (9%) more as compared to 2006.

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

Oil and gas production by SOCAR in January to February 2007 Oil and gas production by SOCAR in January to February 2007 :

Oil (ths. tons) February January-February
2007 2007 2006 %
Total 684,54 1443,86 1458,23 99,0
OGPUs of SOCAR 593,77 1251,73 1274,84 98,2
JVs and OCs 90,77 192,13 183,39 104,8
Gas(in mln cu m)
Total 681,44 1393,96 1067,56 130,6
OGPUs of SOCAR 403,08 852,60 620,99 137,3
JVs and OCs 9,86 20,98 21,38 98,1
AIOC 225,40 463,41 425,19 109,0
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