Production News in Azerbaijan

Azerbaijan Announces Oil & Gas Figures for 11 Months of This Year
12/30/2021 - According to the operative data, Azerbaijan produced 31.6 million tons of oil (including condensate) in January-November 2021. The production of oil (including condensate) decreased by 16.5 thousand t...
SOCAR Increased Oil Production by 10% & Gas Production by 9% in Q3 2021
10/14/2021 - SOCAR achieved growth in drilling and production in the third quarter of 2021. The company conducted more than 20,000 meters1 of drilling, which is 82% more than the same period last year. ...
SOCAR Announces Drilling, Production, Refining & Export for the Q2 of 2021
7/16/2021 - Due to the global oil demand growth, driven by COVID-19 vaccination, OPEC+ continued easing the restrictions on production volumes for participating countries.
SOCAR Announces Drilling, Production, Refining for the First Quarter of 2021
4/16/2021 - In the first quarter of 2021, SOCAR produced more than 1.9 million tons1 of crude oil and above 1.9 billion cubic meters2 of natural gas. ...
Shah Deniz Begins Gas Deliveries to Europe
12/31/2020 - The Shah Deniz consortium announced commencement of commercial gas deliveries to Europe from the Shah Deniz gas field in the Caspian Sea offshore Azerbaijan via the newly-completed Southern Gas Corrid...
Completion of Handover & Receipt of Payment in Azerbaijan
6/25/2020 - Zenith Energy Ltd. ("Zenith") (ZENA-ME), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that the handover process (...
SOCAR to Supervise the Implementation of OPEC+ Oil Production Cut
4/30/2020 - On April 9, 2020, 23 member countries of OPEC+ discussed the economic recession caused by Covid-19 pandemic and agreed to cut oil production by 9,7 million barrels per day from May 1, 2020, in order t...
SOCAR Increases Oil Production by 2.8% & Gas Production by 11.4% in Q3
10/18/2019 - In the third quarter of 2019, SOCAR increased oil production by 2.8% and natural gas production by 11.4% compared to the same period of the previous year, producing approximately 21 million tons of oi...
Zenith Energy Reports Production Increase at the C-37 Well in the Jafarli Oil Field
10/9/2019 - Zenith Energy, the international oil & gas production company operating onshore in Azerbaijan, has provided an update on drilling results at well C-37 in the Jafarli oil field. ...
Tekfen Holding-SOCAR Co-operation Expands to Include Production Facilities
8/29/2019 - For many years, Tekfen Holding has been serving SOCAR (Azerbaijan's State Oil Company) in the role of contractor, helping SOCAR to realise its investment projects. Now the scope of this co-operation i...
Gas Production Increased by 25% in First Quarter of 2019
4/16/2019 - • SOCAR commissioned its highest-capacity well drilled at Umid field; it will produce 900 million cubic meters of natural gas annually ...
SOCAR’s Carbamide Plant Starts Operation
1/16/2019 - • Production at the SOCAR’s carbamide plant will eliminate the need for imports of nitrogen fertilizers, thereby reducing the country’s expenditures in foreign currency ...
Drilling, Production & Export Figures for the Q3 of 2018
10/17/2018 - Following the growth in production, over 3 billion cubic meters of gas have been supplied to gas storage facilities. ...
Greenfields Announces Extensions to the Maturity of Loans and Production Update
8/3/2018 - Greenfields Petroleum Corporation, an independent exploration and production company holding an 80% interest in certain producing assets in Azerbaijan, is pleased to announce that it has reached an ag...
Azerbaijan's 1H Gas Exports From Shah Deniz I Fall 3.9% YOY
7/16/2018 - Exports from the first stage of Azerbaijan's giant Shah Deniz gas field stood at 3.654 billion cubic metres (bcm) in the first half of this year, down 3.9 percent from a year earlier, the State Statis...
Drilling & Production and Export Rate for 2017
1/22/2018 - SOCAR achieved steady oil and natural gas production in 2017 by increasing the volume of drilling operations. During the year SOCAR conducted 138 thousand meters of drilling work raising it by 30.7% ...
The Azerbaijan Government & Co-Venturers Sign Amended and Restated ACG PSA
9/14/2017 - The Azerbaijan Government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh signed the amended and rest...
SOCAR Launches Next Filling Station in Romania
5/19/2017 - SOCAR successfully realises investment projects in Romania and expands it filling stations network in the country. The Company has put into operation its second petrol station in Bucharest, capital o...
Azeri Absheron Gas Field Could Start Production At End-2019
4/25/2017 - Natural gas production at Azerbaijan's Absheron field in the Caspian Sea could begin in late 2019 or early 2020, an official at Azeri state energy company SOCAR said on Tuesday. Absheron is an offs...
SOCAR Boosts Caspian Resources Output
4/23/2017 - Azerbaijan’s state-run oil company SOCAR will produce another 43,800 tons of oil and around 3.65 million cubic meters of gas per year after it commissioned a new well on the Guneshli offshore field in...

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