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SOCAR produces over 1 million tons of oil in January-February

Oil&Gas Materials 18 March 2011 10:40 (UTC +04:00)

Azerbaijan, Baku, March 18 / Trend /

In January-February, SOCAR's oil and gas producing departments extracted 8.54 million barrels of oil (over 1.16 million tons) in offshore and onshore fields of the country compared to 8.76 million barrels (about 1.2 million tons) in January- February 2010, SOCAR said.
In 2010, oil and gas producing departments of SOCAR extracted about 53.36 million barrels (7.28 million tons) in offshore and onshore fields of the country compared to about 53.52 barrels (7.3 million tons) in 2009.

About 2.1 million barrels fell to joint projects of SOCAR with foreign companies. Some 387,020 barrels fell to operating companies. About 1.6 million barrels fell to "Azeri-Chirag-Guneshli" and 129,000 barrels fell to gas condensate from Shah Deniz field.

In January-February SOCAR received about 1.16 billion cubic meters, compared to about 1.27 billion cubic meters during the same period of last year. SOCAR's oil and gas departments extracted about 1.1 billion cubic meters of gas. Joint ventures and operating companies which produce natural gas onshore delivered 36.2 million cubic meters of gas to SOCAR during this period.

SOCAR received about 7.6 billion cubic meters, compared to about 7.33 billion cubic meters during last year
Azerbaijan International Operating Company (AIOC) extracted 593.7 million cubic meters of associated gas in the field "Azeri-Chirag-Guneshli" in January-February for SOCAR compared to 537.4 million cubic meters during the same period of last year.
There are 59 oil and gas fields, of which 18 offshore, the rest onshore in Azerbaijan.

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