Baku, Azerbaijan, Feb. 21
By Maksim Tsurkov - Trend:
In 2016, BP delivered 2.75 billion cubic meters of associated gas to Azerbaijan’s state oil company SOCAR versus 3.2 billion cubic meters in 2015, the BP report on its activity in Azerbaijan for 2016 said Feb. 21.
The average daily volume of the associated gas transferred to SOCAR in 2016 amounted to 7.5 million cubic meters, according to the report.
BP is the operator of the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea.
SOCAR gets the associated gas for free within the ACG block’s development.
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.