BP increases volume of associated gas delivery to Azerbaijan
Baku, Azerbaijan, May 10
By Maksim Tsurkov – Trend:
BP, the operator of development of the Azeri-Chirag-Gunashli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea, delivered 1.1 billion cubic meters of associated gas to Azerbaijan’s state oil company SOCAR in 1Q17 as compared to 692 million cubic meters a year before, says a BP report on its activity in Azerbaijan.
Associated gas is delivered to SOCAR free of charge as part of the ACG’s development.
According to the report, BP delivered an average of 12.1 million cubic meters of ACG associated gas to SOCAR per day.
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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