Review of oil and gas operations in Azerbaijan (January-August 2014)

1. FEC

а) Oil and Gas Production

Around 28.6 million tons of oil and gas condensate were produced in Azerbaijan in Jan.-Aug. compared to 29.1 million tons in the same period of 2013, the country's State Statistics Committee said in its report.

Some 43.1 million tons of oil and gas condensate were produced in Azerbaijan in 2013, compared to 42.98 million tons in 2012.

The major volume of oil fell to the Azeri-Chirag-Guneshli oil and gas fields' block and the Shah Deniz gas condensate field that are developed jointly with international partners.

Some 12.3 billion cubic meters of tank gas were produced in the country in Jan.-Aug. compared to 11.7 billion cubic meters in the same period of 2013, according to the committee.

About 17.9 billion cubic meters of tank gas were produced in Azerbaijan in 2013, compared to 17.24 billion cubic meters in 2012.

The State Oil Company of Azerbaijan (SOCAR) produced 5.62 million metric tons of oil from onshore and offshore fields of the country in January-August 2014, compared to 5.56 million metric tons in the same period of 2013. In total, SOCAR produced more than 8.31 million metric tons of oil in 2013, compared to 8.24 million metric tons in 2012.

The State Oil Company of Azerbaijan (SOCAR) produced some 4.96 billion cubic meters of gas in January-August 2014 compared to 4.76 billion cubic meters in the same period of 2013.

SOCAR produced some 7.31 billion cubic meters of gas in 2013, compared to 7.46 billion cubic meters in 2012.

The volume of drilling work carried out by the State Oil Company of Azerbaijan (SOCAR) (excluding joint enterprises and operating companies) hit 89,375 meters in January-August 2014, versus 107,209 meters in the same period of 2013.

Production drilling accounted for 87,747 meters of the total volume of drilling work carried out by SOCAR over eight months, while the remaining part of this volume fell to exploration drilling.

SOCAR continued implementing a program on stabilization and increase of volumes of oil production in August. For this purpose the company is repairing old and drilling new wells in onshore and offshore fields in Azerbaijan.

SOCAR (State Oil Company of Azerbaijan) started drilling a new well in the onshore oil field "Saadan". The well No 1804 will be 1400 meters deep. Works are implemented by a trust of complex drilling works of SOCAR. "Saadan" field is located in the Caspian-Guba petroleum district.

SOCAR continued drilling a new well in the shallow part of Guneshli field in the Azerbaijani sector of the Caspian Sea. The projected depth of the well on the Guneshli-13 platform is 3,500 meters. According to the geologists' calculations, the daily debit of the well will be 150,000 cubic meters of gas and 15 tons of condensate.

A new well in the Guneshli field was prepared for drilling. The well will be drilled on the "Guneshli-14" platform. The projected depth of the well is 3,100 meters. According to the geologists' calculations, the expected average daily debit of the well will be 90 tons of oil and 15,000 cubic meters of gas.

SOCAR (State Oil Company of Azerbaijan) has started drilling the first horizontal oil well on the "Pirallahi Island-onshore" field. The project depth of the well, which is being drilled by the SOCAR Complex Drilling Works Trust, is 1,088 meters, according to the statement.

SOCAR (State Oil Company of Azerbaijan) has prepared an Environmental and Social Impact Assessment (ESIA) within the construction of a new production platform in the Bulla Deniz field in the Azerbaijani sector of the Caspian Sea. The new platform No. 122 is designed for drilling of three gas-condensate wells according to the draft. The platform will be located at a water depth of 26 meters. According to calculations, the platform will produce 450 tons of condensate and 2.4 million cubic meters of gas daily.

The well No 84 was commissioned in the fifth platform at Guneshli field after overhaul.

SOCAR (State Oil Company of Azerbaijan) in the near future plans to put into operation a new production platform in the Chilov field in the Azerbaijani sector of the Caspian Sea. The new platform, which has been completed, is designed to drill 10 wells.

Azerbaijan's State Oil Company (SOCAR) has commissioned a new well at the "Oil Rocks" field in the Azerbaijani sector of the Caspian Sea.

The company said the well, which was drilled from the platform #2585 at a depth range of 2,457-2,449 meters, has a daily debit of 30 tons.

b) Processing

Azerbaijan produced 806,900 metric tons of vehicle fuel in January-August 2014, which is 13 percent less than in the same period of 2013, the country's State Statistics Committee said in its report.

Currently, the State Oil Company of Azerbaijan (SOCAR) is carrying out work on modernization of the processing facilities, as growth is observed in the fuel consumption in the country.

In total, Azerbaijan produced 3.1 million metric tons of major types of oil products in Jan.-Aug., compared to over 3.43 million metric tons in the same period of 2013.

The country produced some 1.41 million metric tons of vehicle fuel in 2013, compared to 1.3 million metric tons in 2012. In total, Azerbaijan produced 5.09 million metric tons of major types of petroleum products in 2013.

Summary table of oil production in Azerbaijan:

Oil products

January-August, 2014
( in thousand metric tons)

Compared to January-August 2013 (%)

Vehicle fuel

806,9

87

Naphtha

122,8

126,7

Kerosene

451,1

94,2

Diesel fuel

1532,3

90,7

Lubricating oil

34,7

113,8

Oil bitumen

167,1

80,1

2. Chemical complex

Azerbaijan produced 58,000 metric tons of polyethylene in January-August 2014 or 10.4 percent more than in the same period of 2013, the State Statistics Committee's report as of January-August 2014 says.

Azerbaijan produced 34,600 metric tons of propylene in January-August or 26.2 percent more compared to the same period of 2013, says the report.

In 2013, the republic produced 76,000 metric tons of polyethylene or 13.9 percent more compared to 2012. There was a decrease in the production of other main chemical products in Azerbaijan in January-August 2014, the report says.

Production of the main chemical products:

Name of products

Jan.-Aug. 2014

Compared to Jan.-Aug. 2013

(%)

Barium sulfate (kt)

31.3

73.2

Polyethylene (kt)

58

110.4

Propylene (kt)

34.6

126.2

Isopropyl alcohol (kt)

3,334.9

34.6

Paint products (tons)

2,510.9

90.3

Iodine (tons)

171

84.7

In January-August the country produced 11,170 metric tons of solid polyethylene pipes, tubes and hoses, which is 41 percent less than the same period of 2013.

During the period Azerbaijan also produced 164.5 metric tons of porous polyurethane plates and strips, which is 60.5 percent less compared to January-August 2013.

3. Electricity

Azerbaijan generated 15.27 billion kw/hours of electricity in January-August 2014, which is 6.3 percent more than in the same period of 2013, according to the State Statistics Committee's report as of eight months of 2014.

Around 14.48 billion kw/hours of electricity of the total volume of electricity generated in January-August accounted for commodity electricity, which is 5.8 percent more than in the same period of 2013.

Around 13.53 billion kw/hours of the total volume of commodity electricity generated in January-August 2014 accounted for thermal power plants (TPP), which is 7 percent more than in the same period of last year.

Hydroelectric power plants (HPP) generated 945.4 million kw/hours of commodity electricity in Azerbaijan in January-August or by 9.9 percent less than in the same period of 2013.

Around 4.2 million kilowatt-hours of electricity were generated by wind power stations in January-August.

Azerbaijan generated about 20.63 billion kw/hours in 2013 or by 0.6 percent more compared to 2012. Around 19.26 billion kw/hours of the total volume of electricity generated in 2013 accounted for TPP or by 2.7 percent more compared to 2012. HPP last year generated nearly 1.37 billion kw/hours of electricity or by 21.7 percent less compared to 2012.

Azerenergy JSC is the main producer of electricity in Azerbaijan. It has over 200 substations with a capacity of 500, 330, 220 and 110 kilovolt amperes, as well as 10 hydro power plants and 14 thermal power plants.

The power generation system of Azerbaijan has increased by 30 percent for the past five years. At present, the figure is 7105 megawatts, which makes it possible to generate about 24 billion kw/hours of electricity. This allows the country to annually export 2.1 billion kw/hours of electricity.

At present, Azerbaijan carries out the flow of electricity to Georgia, Iran and Russia.

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