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Production and Sales of Natural Gas
For fiscal year 2008/2009, natural gas production was forecasted at 4,060 MMscf/d with a budgeted sales average of 3,700 MMscf/d. For the period July to August 2009, natural gas production averaged 4,101.77 MMscf/d and sales 3,706.13 MMscf/d. Production and Sales volumes continued to fluctuate following trends from the earlier periods. The difference between production and sales volumes represents gas re-injected, vented and flared. Tables 1 (a) and (b) show natural gas production and sales volumes (MMscf/d and BOE/D) respectively, for the quarter under review and compare the year to date natural gas production and sales volumes for the period October 2008 to August 2009. Tables 1 (c) and (d) highlight the five-year natural gas production and sales volume schedule in (MMscf/d and BOE/D) respectively.
TABLE 1 (a): Natural Gas Production & Sales Volumes, Budget Year 2008/2009(MMscf/d)
| July | August | Year to Date Average Oct 2008 - Aug 2009 |
2008/2009 Budget Forecasted Production |
|
|---|---|---|---|---|
| *Production | 3,944.11 | 4,282.49 | 4,101.77 | 4,060.00 |
| Sales | 3,647.70 | 3,914.28 | 3,397.29 | 3,700.00 |
* Margin of error = +/- 10 MMscf/d
** NGC sales to Train I1 are included in bpTT’s sales to ALNG
*** Central Block
Table 1 (b): Natural Gas Production & Sales Volumes Budget Year 2008/2009(BOE/d)
|
July | August | Year to Date Average Oct 2008- Aug 2009 |
2008/2009 Budget Forecasted Production |
|---|---|---|---|---|
| *Production | 680,018.97 | 738,360.34 | 648,268.97 | 700,000.00 |
| Sales | 628,913.79 | 674,875.86 | 585,740.09 | 637,931.04 |
Table 1 (c): Five Year Average Natural Gas Production & Sales Volumes Schedule (MMscf/d)
| Oct 2004- Sept 2005 |
Oct 2005- Sept 2006 |
Oct 2006- Sept 2007 |
Oct 2007- Sept 2008 |
Oct 2008 - Aug 2009 |
|
|---|---|---|---|---|---|
| *Production | 3,136.08 | 3,788.58 | 3,992.11 | 4,058.54 | 4,101.77 |
| Sales | 2,969.75 | 3,515.19 | 3,728.81 | 3,672.82 | 3,706.13 |
| NGC Sales | 1,346.72 | 1,490.41 | 1,569.34 | 1,555.65 | 1,466.75 |
Table V (d): Five Year Average Natural Gas Production & Sales Volumes Schedule(BOE/d)
| Oct 2004- Sept 2005 |
Oct 2005- Sept 2006 |
Oct 2006- Sept 2007 |
Oct 2007- Sept 2008 |
Oct 2008- Aug 2009 |
|
|---|---|---|---|---|---|
| *Production | 540,704.02 | 653,204.02 | 688,294.25 | 712,552.30 | 648,268.97 |
| Sales | 512,027.49 | 606,066.29 | 642,897.57 | 645,552.29 | 585,740.09 |
