Baku, Azerbaijan, March 1
By Maksim Tsurkov - Trend:
Azerbaijan produced 31.3 million tons of AZERI LT oil in 2015 versus 31.5 million tons in 2014, said BP's report on operations in Azerbaijan in 2015.
BP is the operator of the Azerbaijani Azeri-Chirag-Guneshli field, where AZERI LT oil is produced.
The daily average volume of produced AZERI LT oil was 634,000 barrels during the reporting period, said the report.
In 2014, Azerbaijan produced 31.5 million tons of AZERI LT oil versus 32.2 million tons in 2013.
The project's operating costs within the project amounted to $760 million, capital costs - $1.9 billion.
The contract for the development of Azeri-Chirag-Guneshli block of oil and gas fields was signed in 1994. The block's oil reserves estimated at about one billion tons.
The shareholders are: BP - 35.78 percent, Chevron - 11.27 percent, Inpex - 10.96 percent, AzACG - 11.65 percent, Statoil - 8.55 percent, Exxon - 8 percent, TPAO - 6.75 percent, Itochu - 4.3 percent and ONGC - 2.72 percent.
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