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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