AIOC reports on oil output

Apr 07, 2005 02:00 AM

The Azerbaijan International Operating Co., or AIOC, said its oil output rose 29 % on the year to 2.03 mm tons in the first quarter.
AIOC is the BP-led consortium that is developing the Azeri-Guneshli-Guneshli contract area on the Caspian Sea shelf.

The company told its output from the Chirac field rose to 1.76 mm tons of oil, up from 1.53 mm tpy of oil earlier.
AIOC output from the Azeri field, which it began to develop this year, was 271,000 tons of oil.

Source: Dow Jones
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