ACG produces over 30 mln cubic meters of gas
Azerbaijan, Baku, Nov.12 / Trend, E.Ismayilov /
At present, partners on development of a block of fields "Azeri-Chirag-Guneshli" (ACG) field in the Azerbaijani sector of the Caspian Sea produces 35 million cubic meters of associated gas per day, a source in the oil and gas market said.
Associated gas is received during oil extraction. The ACG produces associated gas, part of which is pumped into the reservoir to maintain production levels, and part is given to SOCAR free of charge.
"At present, ACG produces 35 million cubic meters of gas per day," the source said.
In total, BP within the ACG project plans to give 1.9 billion cubic meters of associated gas to SOCAR in 2010. However, according to the estimates of Azerbaijani oil and gas market participants, this figure will be increased twice at least.
SOCAR received about four billion cubic meters of gas in 2009 compared to the planned 1.45 billion cubic meters.
ACG participating interests are: BP (operator - 34.1 percent), Chevron (10.2 percent), SOCAR (10 percent), INPEX (10 percent), Statoil (8.6 percent), ExxonMobil (8 percent), TPAO (6.8 percent), Devon (5.6 percent), ITOCHU (3.9 percent), and Delta Hess (2.7 percent).