In January-June 2021, production from the Azeri-Chirag-Guneshli block of fields amounted to 11.4 tons of oil.
According to the Ministry of Energy of the Republic of Azerbaijan, the production of oil with condensate in Azerbaijan in January-June 2021 amounted to 17.2 million tons, which is 3.4% less than the same period last year.
At the same time, 11.4 million tons of oil was produced from the ACG block (in January-June 2020 – 12.3 million tons – a decline of 0.9 million tons), condensate from the Shah Deniz field – 1.9 million tons (unchanged), according to the Ministry of Energy.
Oil exports (with condensate) from Azerbaijan in January-June 2021 amounted to about 14 million tons (a decline of 4.8%). At the same time, 13.3 million tons fell to the share of oil from the ACG block and condensate from the Shah Deniz field (decline by 5.7%), the rest was oil produced by SOCAR.
Oil production from the ACG block began in November 1997.
Currently, the shareholders of the ACG project are: British BP (operator) – 30.37%, SOCAR (25%), Hungarian MOL (9.57%), American ExxonMobil (6.79%), Indian ONGC (2.31% ), Japanese Inpex Corp. (9.31%) and ITOCHU Oil (3.65%), Norwegian Equinor (7.27%) and Turkish TPAO (5.73%).
Caspian Barrel
