BP announces oil and gas production volumes in Azerbaijan
Azerbaijan, Baku, June 10 / Trend, E. Ismayilov /
Last year, Azerbaijan extracted 50.9 million tons of oil compared to 50.6 million tons in 2009, BP's report on World Energy 2011, posted on the official website of the company said.
In 2010, the volume of oil used in the country totaled 3.3 million tons compared to 2.8 million tonnes in 2009. The average daily consumption of oil in Azerbaijan last year hit 73,000 barrels, compared with 60,000 barrels in 2009.
According to BP, Azerbaijan extracted 15.1 billion cubic meters of gas last year compared to 14.8 billion cubic meters in 2009.
Gas consumption in the country last year amounted to 6.6 billion cubic meters compared to 7,7 billion cubic meters in 2009.
According to SOCAR, hydro-electric power stations produced 0,8 million tons of oil equivalent in the republic last year compared to 0,5 million tons in 2009.
BP is the main foreign oil investor in Azerbaijan, leading the projects to develop oil and gas fields Azeri-Chirag-Guneshli and Shah Deniz gas condensate field. BP is also the operator of the Baku-Tbilisi-Ceyhan oil pipeline.
ACG participating interests are: BP (operator - 37. 4 percent), Chevron (11.3 percent), SOCAR (10 percent), INPEX (11 percent), Statoil (8.6 percent), ExxonMobil (8 percent), TPAO (6.7 percent), ITOCHU (4.3 percent), Hess (2.7 percent).
The contract to develop Shah Deniz was signed June 4, 1996. Participants are: BP (operator) - 25.5 percent, Statoil Hydro - 25.5 percent, NICO - 10 percent, Total - 10 percent, LukAgip - 10 percent, TPAO - 9 percent, and SOCAR - 10 percent.