BAKU, Azerbaijan, June 20. The volume of gas production in Azerbaijan has increased from 29.5 billion cubic meters in 2013 to 46.8 billion cubic meters in 2022, showing a 58.6 percent increase over the last ten years, a source in the oil and gas market told Trend.
The table below shows the dynamics of gas production in the country over this period:
|
Year |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
Production (bcm) |
29.6 |
29 |
29.4 |
28.6 |
30.5 |
35.6 |
37.1 |
43.9 |
Azerbaijan primarily possesses significant offshore gas reserves. The giant Shah Deniz field is estimated to contain proven reserves of 1.2 trillion cubic meters of gas and 240 million tons of condensate.
Furthermore, Azerbaijan boasts crucial hydrocarbon fields like Umid-Babak, where preliminary data suggests that Babak's prospective structure could hold reserves of up to 400 billion cubic meters of gas and 80 million tons of condensate. Similarly, the Shafag-Asiman block is projected to have forecasted reserves of 500 billion cubic meters of gas and 65 million tons of condensate.
Absheron field is expected to yield 1.5 billion cubic meters of gas during its initial stage of production.
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