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ACG oil transshipment from Ceyhan terminal exceeds 30 million tons YTD

Oil&Gas Materials 22 February 2021 12:29
ACG oil transshipment from Ceyhan terminal exceeds 30 million tons YTD

BAKU, Azerbaijan, Feb.22

By Leman Zeynalova – Trend:

Turkish BOTAS International Limited (BIL) has to date shipped nearly 3.601 billion barrels of oil from the Ceyhan oil terminal, Trend reports referring to BIL.

The BIL data shows that 4,700 tankers with oil from the Azeri-Chirag-Gunashli (ACG) block of fields have been loaded from the terminal to date.

As many as 41 tankers with ACG oil (around 30.1 million barrels of oil) were shipped from the Ceyhan oil terminal since the beginning of 2021.

Oil from the ACG block located in the Azerbaijani sector of the Caspian is transported via Baku-Tbilisi-Ceyhan (BTC) to the world markets. BTC is operated by BOTAS International Limited.

Baku-Tbilisi-Ceyhan (BTC) crude oil pipeline was built for the safe, economic, and environmentally friendly transportation of oil produced in the Caspian region through Azerbaijan, Georgia, and Turkey, and from there to the world markets.

BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.

ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (replaced Chevron as of 16 April 2020 (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).

BP data shows that total ACG production for the full year of 2020 was on average about 477,000 barrels per day (b/d) (about 175 million barrels or 23.6 million tonnes in total) from the Chirag (34,900 b/d), Central Azeri (113,200 b/d), West Azeri (118,900 b/d), East Azeri (64,200 b/d), Deepwater Gunashli (95,400 b/d) and West Chirag (50,400 b/d) platforms.

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Follow the author on Twitter: @Lyaman_Zeyn

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