Azerbaijan - Part 1 - The Prospects & Geology.

From: APS Review Oil Market Trends | Date: July 22, 2002 | Copyright information

Azerbaijan is producing about 310,000 b/d of oil, up from 180,000 b/d in 1997. Its production of natural gas this year is expected to total about 200 billion cubic feet (BCF), as in 2001 and 2000, but its import of gas will increase in 2002. The country's oil production capacity is projected to exceed 1m b/d by 2010 and to peak at about 2m b/d within the following decade, with marketed production of gas to rise to 30 BCM/year by 2010 and 50 BCM/year by 2020.

The state o...

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