In 2015 production on the bloc of fields Azeri-Chirag-Guneshli (ACG) dropped by 200,000 tons and totaled 31.3 million tons or 231 million barrels, reads the report of BP-Azerbaijan company.
The consortium extracted 634,000 barrels of oil a day on average on the contract area. In 2014 the production totaled 638,000 barrels a day.
In 2015 average daily oil production on the Chirag platform totaled 48,000 barrels, on Central Azeri – 154,000 barrels, om Western Azeri – 110,300 barrels, on Eastern Azeri – 71,000 barrels, on deep-water Guneshli – 141,400 barrels and on Western Chirag – 109,400 barrels.
By the end of 2015 91 oil, 42 gas and water injection wells have been operating on the ACG.
During last year ACG drilled 15 oil and 2 water wells. Thus, number of oil wells increased by 7, while gas and injection wells by 3.
The ACG shareholders include BP (operator with 35.8%), SOCAR (11.6%), Chevron (11.3%), Inpex (11%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), Itochu (4.3%) and ONGC Videsh Ltd. (2.7%).—0--
Economics
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Azerbaijan’s rice imports have surged as domestic production struggles to meet growing demand, underscoring the country’s reliance on foreign suppliers. Despite government initiatives to boost output, local production remains stagnant, with only 10,000 tons expected in the 2024-2025 season, while imports reached 55,961 tons between January and October 2024.
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Azerbaijan and Pakistan have signaled a growing commitment to deepen energy cooperation, with a focus on renewable energy initiatives, as Azerbaijani Energy Minister Parviz Shahbazov hosted a delegation led by Pakistani Federal Minister Abdul Alim Khan in Baku on January 30.
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Oil from Kazakhstan's largest field, Kashagan, has begun flowing into the Baku-Tbilisi-Ceyhan (BTC) pipeline. According to information from SOCAR, the first batch of this oil was received at the Sangachal terminal on January 27 and will be transported via BTC to the port of Ceyhan.
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Azerbaijan is accelerating the implementation of its socio-economic development strategy, focusing on digital transformation and strengthening cybersecurity. The government is allocating resources to human capital development, prioritizing the training of cybersecurity professionals, said Farid Osmanov, Chairman of the Board of the Innovation and Digital Development Agency, on January 30 during the fourth “Graduation Day” of the Azerbaijan Cybersecurity Center (AKM).
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