Baku, Azerbaijan, Aug. 22
By Aygun Badalova - Trend:
In the first half of 2016, BP delivered an average of 7.2 million cubic meters per day of associated gas to the State Oil Company of Azerbaijan (1.31 billion cubic meters in total), said the BP report.
BP is the operator of the Azeri-Chirag-Guneshli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea.
The company delivered 3.2 billion cubic meters of associated gas to SOCAR in 2015. Fifteen oil wells and two water-injection wells were drilled at the Azeri-Chirag- Guneshli field in 2015.
The contract for developing the ACG field was signed in 1994. The proven oil reserve of the block nears 1 billion tons.
The shareholders of the project are: BP - 35.8 percent, Chevron - 11.3 percent, Inpex - 11 percent, AzACG - 11.6 percent, Statoil - 8.6 percent, Exxon - 8 percent, TPAO - 6.8 percent, Itocu - 4.3 percent and ONGC - 2.7 percent.
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