Tag: AÇG
bp managed to slightly reduce the rate of oil decline in the ACG block
According to the results of the first quarter of 2024, oil production volumes at the Azeri-Chirag-Guneshli offshore block (ACG) decreased ...
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Natural gas production from ACG will begin in the first quarter of 2025
Natural gas production from deep-lying formations (deep-gas) at the Azeri-Chirag-Guneshli (ACG) field block will begin in the first quarter of ...
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BP will start drilling a well in autumn to extract natural gas at ACG
BP-Azerbaijan plans to start drilling the first production well in the second half of 2024 (according to Caspian Barrel – ...
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In January, Azerbaijan’s profit from the ACG project decreased by 38%
In January 2024, revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the ...
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Next year, oil production at ACG will decrease by 23.5 million barrels
The average annual oil production at the Azeri-Chirag-Guneshli (ACG) block of fields in 2023-2026 is projected at about 124.4 million ...
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25th anniversary of First Oil from Chirag
Today we are celebrating the 25th anniversary of the first production from the Chirag platform. 25 years ago, on 7 ...
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Construction of the topsides of the new BP platform in the Caspian Sea is 95% completed
In the first half of 2023, BP plans to send the support block and topsides of a new production platform ...
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SOCAR Vice-President: More than half of ACG oil has been transported to world markets
The Azeri-Chirag-Guneshli (ACG) block of fields has produced 553 million tons of oil and 194 billion cubic meters of gas ...
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SOFAZ’s revenues from the sale of profitable oil from ACG doubled
Revenues to the State Oil Fund of Azerbaijan (SOFAR) from the sale of profitable oil and gas from the Azeri-Chirag-Guneshli ...
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Gas revenues of the oil fund from the Shah Deniz project increased by 8.3 times
Proceeds to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable hydrocarbons from the Azeri-Chirag-Guneshli (ACG) bloc ...
Read moreAzerbaijani Oil Fund announces revenue from two major offshore deposits
The State Oil Fund of Azerbaijan (SOFAZ) has announced revenue from the Azeri-Chirag-Guneshli (ACG) and Shah Deniz offshore fields in ...
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The revenues of the Oil Fund from the ACG project increased by more than $ 831 million
In January-August 2021, incomes to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the ...
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More than 66% of Azerbaijan’s oil production falls on the ACG block
Over 7 months of this year, under the operator of the British company BP, 13.3 million tons of oil were ...
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The leader in daily oil production At the ACG block is the West Azeri platform
Oil production at the Azeri-Chirag-Guneshli (ACG) block of fields in the first half of 2021 amounted to about 85 million ...
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Oil production from the ACG block in January-June decreased by 900 thousand tons
In January-June 2021, production from the Azeri-Chirag-Guneshli block of fields amounted to 11.4 tons of oil. According to the Ministry ...
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In the first half of the year, the Oil Fund increased revenues from the ACG project by $ 148 million
Proceeds to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli (ACG) block ...
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The collapse of production at the largest oil block in Azerbaijan
In January-May 2021, 9.5 million tons of oil (70 million barrels) were produced from the Azeri-Chirag-Guneshli (ACG) bloc of fields, ...
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Hungary’s oil and gas company increases income from ACG
Hungary’s MOL Group received $305 million in profit from Azeri-Chirag-Guneshli (ACG) block of fields, located in the Azerbaijani sector of ...
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ACG is expected to produce 4 billion barrel of oil this year
Until April 1, 2021, 3 billion 923 million barrels of oil were extracted from the offshore block of the Azeri-Chirag-Guneshli ...
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Azerbaijan Oil Fund revenues from ACG and Shah Deniz blocks collapsed
Income to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli (ACG) block ...
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SOFAZ reveals revenues from ACG and Shah Deniz fields
The State Oil Fund of Azerbaijan (SOFAZ) has announced revenues from the Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields in the ...
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Volumes of oil and condensate exports from ACG and Shah Deniz fields revealed
As of March 1, a total of 558.7 million tons of oil (including condensate) have been produced at the Azeri-Chirag-Guneshli ...
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Oil Production from ACG Block Decreased by 10.3% in 2020
Oil production at the Azeri-Chirag-Gunashli (ACG) block of fields in 2020 amounted to about 175 million barrels (23.6 million tons), ...
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Oil Production from ACG in 2021 to Decrease by 3 Million Barrels
Oil production from the Azeri-Chirag-Guneshli (ACG) block of fields in 2021 will amount to 171.6 million barrels. This is noted ...
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Income of Oil Fund from ACG Project Noticeably Decreased
Proceeds to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil and gas from the Azeri-Chirag-Gunashli ...
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Only 20% of Produced Associated Gas from ACG Converted into Marketable Gas in 2020
172 bcm of associated gas were produced from the Azeri-Chirag-Gunashli (ACG) oil block from the start of development until August ...
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Azerbaijan’s Revenues from ACG and Shah Deniz Decrease by Two Times
Proceeds to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil and gas from the Azeri-Chirag-Gunashli ...
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Oil Fund Received $ 154 Billion, 73% Spent
The volume of revenues to the State Oil Fund of Azerbaijan (SOFAZ) in 2001-2019 amounted to $ 159.4 billion, is ...
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BP Provides 81.7% of Total Gas Production in Azerbaijan – Ministry of Energy
Gas production in Azerbaijan in January-May 2020 amounted to 16.4 billion cubic meters, an increase of 13.6% compared to the ...
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