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Export via BTC Grows through Kazakhstan’s Crude

Oil&Gas Materials 8 November 2008 12:56 (UTC +04:00)

Azerbaijan, Baku, 8 November / Trend corr. S.Aliyev/ The volume of daily oil production in the Azeri-Chirag-Gunashli (ACG) fields totals about 600,000 bbl of oil, while the volume had been over 900,000 bbl before the Central Azeri platform was stopped, a source close to the project said on 8 November.

The platform in the central part of the Azeri field was stopped in mid-September due to revealed gas blowout nearby the platform. Once the cause of the blowout is revealed, the platform will be re-launched, but the time has not yet been specified.

Daily pumping through the Baku-Tbilisi-Ceyhan (BTC) pipeline totals about 600,000 bbl. However, the oil is pumped together with the crude of Chevron from Kazakhstan's Tengiz field (pumping was launched last week).

BTC will transport about 65-70,000 tons of oil within the first month. The same volume will be pumped during the second month as well.

The BTC also transports condensate produced from the gas and condensate Shah Deniz field, which daily production totals about 45-47,000 bbl per day.

A part of the oil produced from ACG is transported via the Baku-Supsa pipeline, which resumed operation this week (operation of the pipeline was suspended in result of the Georgian-Ossetian conflict).

The sides to the production sharing agreement on Azeri-Chirag-Gunashli field are BP (operator- 34.1%), Chevron (10.2%), SOCAR (10%), INPEX (10%), StatoilHydro (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), ITOCHU (3.9%) and Hess (2.7%).

BTC Company shareholders are BP (30.1%); AzBTC (25%); Chevron (8.90%); Statoil Hydro (8.71%); ТРАО (6.53%); Eni (5%); Total (5%); Itochu (3.40%); Inpex (2.50%); ConocoPhillips (2.50%) and Hess (2.36%). Pipeline's design carrying capacity is 1mln barrels of oil per day.

The correspondent can be contacted at [email protected]

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