BP Azerbaijan: Capital costs on Azerbaijani oil and gas projects hit $32 bln

Oil&Gas Materials 12 October 2011 15:25 (UTC +04:00)

Azerbaijan, Baku, Oct. 12 / Trend, E. Ismayilov /

The partners' capital costs within the Azeri-Chirag-Guneshli (ACG) oil and gas field

projects, the first development phase of the Shah-Deniz gas field, and the Baku-Tbilisi-

Ceyhan oil pipeline and the South Caucasus Baku-Tbilisi-Erzurum gas pipeline amounted

to $31.6 billion from early 2010.

Over 1.6 billion barrels of oil were extracted within the ACG project from 1997 to 2010.

This figure amounted to 300.4 million barrels in 2010.

About 49.7 million barrels of gas condensate were extracted on the Shah-Deniz field

from the beginning of its development and to the end of 2010. About 14.7 million barrels

of gas condensate were extracted from the field in 2010.