Azerbaijan, Baku, June 9 / Trend, E. Ismayilov /
As of January 1, 2010 Azerbaijan's proved oil reserves are estimated at one billion tons (7 billion barrels), which is similar to the figure on January 1, 2009, said in the BP's report on world energy - 2010, posted on the official website of the company.
According to the report, in 2009 Azerbaijan produced 50.6 million tons of oil (on average over one million barrels per day) compared to 44.7 million tons in the previous year (916,000 barrels per day).
In total, in 2009 the amount of oil consumption in the country amounted to 2.8 million tons compared to 3.5 million tons in 2008. In 2009, average daily oil consumption in the country amounted to 60,000 barrels compared to 74,000 barrels in 2008.
According to BP's data, as of January 1, 2010 proved gas reserves amounted to 1.31 trillion cubic meters, which is similar to the data on January 1, 2009.
According to BP, in 2009 Azerbaijan produced 14.8 billion cubic meters of gas, which is similar to the previous year.
In 2009, gas consumption in the country amounted to 7,7 billion cubic meters compared to 9.2 billion cubic meters in 2008.
BP is the operator of the projects of development of block of oil and gas fields "Azeri-Chirag-Guneshli" and gas condensate field Shah Deniz in the Azerbaijani sector of the Caspian Sea.
ACG participating interests are: BP (operator - 34.1 percent), Chevron (10.2 percent), SOCAR (10 percent), INPEX (10 percent), StatoilHydro (8.6 percent), ExxonMobil (8 percent), TPAO (6.8 percent), Devon (5.6 percent), ITOCHU (3.9 percent), and Delta Hess (2.7 percent).
The contract to develop the offshore field Shah Deniz was signed June 4, 1996. Members of the agreement are: BP (operator) - 25,5 percent, Statoil - 25,5 percent, NICO - 10 percent, Total - 10 percent, LUKOIL - 10 percent, TPAO - 9 percent, SOCAR - 10 percent. Shares of Shah Deniz field are estimated at 1.2 trillion cubic meters of gas.