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Azerbaijan unveils 5M2021 volume of oil production from ACG, Shah Deniz fields

Oil&Gas Materials 25 June 2021 13:51 (UTC +04:00)
Azerbaijan unveils 5M2021 volume of oil production from ACG, Shah Deniz fields

BAKU, Azerbaijan, June 25

By Fidan Babayeva - Trend:

Oil production in Azerbaijan amounted to 14.3 million tons (together with condensate) from January through May 2021, Trend reports citing the report of the Ministry of Energy of Azerbaijan.

During this period, oil production decreased by 918,000 tons compared to the same period of 2020, the ministry said.

At the same time, 9.5 million tons of oil were produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, and 1.6 million tons (condensate) at Shah Deniz field.

According to the report, oil production by the State Oil Company of Azerbaijan (SOCAR) amounted to 3.2 million tons.

The ACG and Shah Deniz fields play an important role in the development of the oil and gas industry in Azerbaijan. From the moment of their commissioning until June 1, 2021, the volume of oil production (together with condensate) amounted to 565 million tons. As of June 1, oil production from the ACG field amounted to 533 million tons.

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