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On the evening of September 20, shareholders of the Azeri-Chirag-Guneshli (ACG) oil field development project signed a second amendment to the existing Production Sharing Agreement (PSA) dated Septemb...

Oil production at the Azeri-Chirag-Guneshli (ACG) block of fields in the first half of 2024 amounted to 61.15 million barrels (8.2 million tons), the quarterly report of BP-Azerbaijan, which is the op...

In January-June of this year, the State Oil Fund of Azerbaijan (SOFAZ) received $3 billion 5.3 million from the development of the Azeri-Chirag-Guneshli (ACG) block of fields located in the Azerbaijan...

SOCAR plans to increase the coefficient of oil recovery  in the offshore block of the Azeri-Chirag-Guneshli (ACG) fields, Vice President of the State Oil Company of Azerbaijan Babek Huseynov stated.

Since April 25, BP has stopped the operation of the “Deepwater “Guneshli” platform at the Azeri-Chirag-Guneshli (ACG) block of fields for 15 days for prevention, the press service of bp-Azerbaijan. "T...

Natural gas production from deep-lying formations (deep-gas) at the Azeri-Chirag-Guneshli (ACG) field block will begin in the first quarter of 2025, Azerbaijani President Ilham Aliyev said. “The extra...

In 2023, oil production at the Azeri-Chirag-Guneshli (ACG) block of fields amounted to 132.5 million barrels (17.9 million tons), calculations by Turan agency based on average daily data from bp-Azerb...

In January 2024, revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli block (ACG)  amounted to $387 million 645 thousand. According to SO...