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BP doubles volume of associated gas delivered to Azerbaijan

Oil&Gas Materials 13 May 2015 20:16 (UTC +04:00)

Baku, Azerbaijan, May 13

By Maksim Tsurkov - Trend:

In Q1 2015, the Azeri-Chirag-Guneshli (ACG) field delivered an average of 13.6 million cubic metres per day of ACG associated gas to Azerbaijan's state oil company SOCAR (1.2 billion cubic metres in total), primarily at the Sangachal Terminal, but also to SOCAR's Oil Rocks facility, according BP's Q1 2015 report on work in Azerbaijan.

The associated gas is delivered to SOCAR as part of the ACG development free of charge.

BP, in 2014, delivered 2.76 billion cubic meters of associated gas to SOCAR versus 2.19 billion cubic meters delivered in 2013.

The contract for development of ACG field was signed in 1994. The proven oil reserve of the block nears 1 billion metric tons.

The shareholders of the project are: BP (operator in the Azeri-Chirag-Guneshli) - 35.78 percent, Chevron - 11.27 percent, Inpex - 10.96 percent, AzACG - 11.65 percent, Statoil - 8.56 percent, Exxon - 8 percent, TPAO - 6.75 percent, Itocu - 4.3 percent and ONGC - 2.72 percent.

Edited by CN

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Follow the author on Twitter: @MaksimTsurkov

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