Azerbaijan, Baku, April 15 / Trend A.Badalova /
BP net share of production in the development project of Azeri-Chirag-Guneshli (ACG) oil fields in the Azerbaijan sector of the Caspian Sea amounted to 82,000 barrels per day (bpd) in 2012 compared to 86,000 bpd in 2011, Annual Financial and Operating Information 2008-2012 said.
According to the report, last year BP net share of total production in Azerbaijan amounted to 92,000 bpd compared to 94 bpd in 2011.
The reports said that BP net share of gas production in Azerbaijan amounted to 4.5 million cubic metres (158 million cubic feet) per day in 2012 compared to 4 million cubic metres (140 million cubic feet) in 2011.
BP has been in Azerbaijan since 1992. BP operates two production-sharing agreements - Azeri-Chirag-Gunashli and Shah Deniz - and other exploration leases.
Participants of the project to develop Azeri-Chirag-Guneshli are: BP (operator, 35.83%), Chevron (11.27%), Inpex (10.96%), AzACG (11.6%), Statoil (8.56%), Exxon (8%), TPAO (6.75%), Itocu (4.3%) and Hess (2.72%). Hess sold its share to Indian ONGC, the transaction will be completed during the first quarter of 2013.
The contract on the development of the off shore Shah Deniz gas condensate field was signed on 4 June 1996. Shah Deniz's participating interests are: ВР (operator, 25.5%), StatoilHydro (25.5%), SOCAR (10%), LukAgip (10%), NICO (10%), Total (10%), and TPAO (9%).