BP boosts associated gas delivery to Azerbaijan
Baku, Azerbaijan, Nov. 20
By Emil Ismayilov - Trend:
In the first nine months of 2014, the British company BP delivered two billion cubic meters of associated gas to Azerbaijan's State Oil Company (SOCAR) versus 1.62 billion cubic meters in Jan.-Sept. 2013, according to a BP report on its work in Azerbaijan in Jan.-Sept. 2014.
BP operates the development of the Azeri-Chirag-Guneshli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea.
The associated gas is delivered to SOCAR free of charge as part of the development of the ACG.
"During the first three quarters of 2014, we delivered 7.3 million cubic meters (257.8 million standard cubic feet) per day of ACG associated gas to SOCAR (2 billion cubic metres or about 70.4 billion cubic feet in total)," BP said.
In 2013, BP delivered 2.19 billion cubic meters of associated gas to SOCAR as compared to 3.4 billion cubic meters in 2012.
The contract for the development of the ACG was signed in 1994. The proven oil reserves at ACG are estimated at approximately one billion metric tons.
The share in the contract is distributed as follows: BP (operator of the Azeri-Chirag-Guneshli) - 35.78 percent, SOCAR - 11.6 percent, Chevron - 11.27 percent, Inpex - 10.96 percent , AzACG - 11.65 percent, Statoil - 8.56 percent, Exxon - eight percent, TPAO - 6.75 percent, Itocu - 4.3 percent and ONGC - 2.72 percent.