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BP announces oil and gas project production volumes in Azerbaijan

Oil&Gas Materials 8 August 2013 11:48 (UTC +04:00)
Around 43 billion cubic meters of gas have been extracted in the Azerbaijani offshore gas condensate field Shah Deniz up till now, a BP report on the activity in Azerbaijan in January-June 2013 said.
BP announces oil and gas project production volumes in Azerbaijan

Azerbaijan, Baku, August 8 /Trend, E.Ismayilov/

Around 43 billion cubic meters of gas have been extracted in the Azerbaijani offshore gas condensate field Shah Deniz up till now, a BP report on the activity in Azerbaijan in January-June 2013 said.

According to the report, around 11 million tons of gas condensate has been extracted in the field to date.

Reserves at the Shah Deniz field are estimated at 1.2 trillion cubic meters of gas.

The contract on development of the Shah Deniz offshore field was signed on June 4, 1996. Stakeholders are: BP (operator) - 25.5 per cent, Statoil - 25.5 per cent, NICO - 10 per cent, Total - 10 per cent, Lukoil - 10 per cent, TPAO - 9 per cent and SOCAR - 10 per cent.

According to the report, around 2.3 billion barrels of oil have been extracted from the block of oil and gas fields Azeri-Chirag-Guneshli in the Azerbaijani sector of the Caspian Sea up till now.

Shares in the contract for development of Azeri-Chirag-Guneshli block of fields is distributed as follows: BP (operator in Azeri-Chirag-Guneshli) - 35.78 per cent, Chevron - 11.27 per cent, Inpex - 10.96 per cent, AzACG - 11.65 per cent, Statoil - 8.56 per cent, Exxon - 8 per cent, TPAO - 6.75 per cent, Itochu - 4.3 per cent and ONGC - 2.72 per cent.

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