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Azerbaijani oil field third in IHS CERA ranking of world's 20 largest oil fields

Oil&Gas Materials 19 August 2009 13:08 (UTC +04:00)

Azerbaijan, Baku, Aug.4 / Trend A.Badalova /

The Azerbaijani Azeri-Chirag-Guneshli field took third place in a ranking of the world's 20 largest oil fields, completed by the American Consulting Association IHS CERA (Cambridge Energy Research Associates).

Under IHS CERA estimates, oil production from this block of fields is 850,000 barrels per day.

The PSA contract on the Azeri-Chirag-Guneshli field was signed in 1994. The total investment is estimated at $20 billion. The recoverable oil reserves in the block, operated by the BP, are estimated at one billion tonnes. At the Azeri-Chirag-Guneshli field a light oil is produced, branded Azeri Light, which is exported from the Turkish port of Ceyhan, where it is delivered by the Baku-Tbilisi-Ceyhan pipeline. Oil exports from this field are also transported through the Baku-Supsa pipeline.

First place on the list of the largest oil fields is the Gavar field in Saudi Arabia, with a daily production of five million barrels, the second is the Burgan field in Kuwait with a daily production of 1.2 million barrels.

World's Largest Oil Fields in IHS CERA ranking

Country

Field Name

Production bd

Saudi Arabia

Ghawar

5,000,000

Kuwait

Burgan

1,200,000

Azerbaijan

Azeri-Chirag-Guneshli

850,000

Mexico

Ku-Maloob-Zaap

800,000

Abu Dhabi

Zakum

750,000

Russia

Samotlor

750,000

Mexico

Cantarell

660,000

Russia

Priobskoye

650,000

Iran

Ahwaz (Bangestan)

600,000

Saudi Arabia

Shaybah

500,000

Abu Dhabi

Bu Hasa

500,000

Qatar

Al Shaheen

480,000

Kazakhstan

Tengiz

450,000

Russia

Fedorovo-Surgutskoye

400,000

Algeria

Hassi Messaoud

380,000

Saudi Arabia

Abqaiq

375,000

Venezuela

El Furrial

370,000

Brazil

Marlim

350,000

Venezuela

Junin

320,000

Abu Dhabi

Bab

320,000

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