During 6 months, 2012 average daily production on the Azeri-Chirag-Guneshli (ACG) totaled 684,000 barrels. The production dropped by 91,700 barrels or 11.8% against the same period last year, reads the semi-annual report of BP-Azerbaijan company (operator of ACG development) released in Baku.
According to the report, from January to June 2012 124.5 million barrels (16.8 million tons) of oil was produced on the contract area. During the same period last year the international consortium produced 140.4 million barrels of oil (19 million tons).
At present the consortium carries out production on ACG using five stationary platforms, which were installed on the sea depth between 120 and 160 meters. During 6 months, 2012 Western Azeri has become the most productive platform. In average 186,000 barrels of oil a day was produced on 13 operation wells.
During 6 months, 2012 827,600 barrels of oil a day was produced within the "Contract of the Century."-0-
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review