Azeri-Chirag-Gyuneshli

In 2016 capital expenditure on major oil and gas projects in Azerbaijan exceeds $ 6.1 billion - BP.

In 2016 the capital expenditure in the framework of "Shahdeniz" projects "Azeri-Chirag-Guneshli" (ACG), the South Caucasus Pipeline (SCP) and Baku-Tbilisi-Ceyhan (BTC) oil pipel

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BP to shut down a platform at ACG

BP has terminated the functioning of the platform “Deep water Gyuneshli” at the ACG block by plan. The extraction will be stopped for 11 days from September 1st 2016.

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BP Azerbaijan has stopped the work of an oil platform at the Caspian for scheduled maintenance

​BP – operator of development of the ACG block – today shut down the Chirag platform aiming for the scheduled maintenance.
Oil extraction from the platform is shot down for 25 days.
The scheduled works, inspection and project works necessary for the continuation of the safe, reliable and ecologically friendly operation of the platform will be held.
The program planning started in 2014 and these works are included in the annual program of works and budget. The platform’s shutdown is also taken into account in the annual extraction forecasts.
The extraction at the deposits Central Azeri, Eastern Azeri, Western Azeri, deep water part of Gyuneshli, Western Chirag and Shakh-Deniz, export by BTC, South Caucasus pipeline and Baku-Supsa go on in the regular mode. The Sangachal terminal will go on working. The loading at the port of Ceyhan will go on in conformity with the schedule.

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In January-September the export of Azerbaijani gas to Turkey exceeded 4.2 billion cubic meters, to Georgia - 0.5 billion cubic meters.

In January-September 2015 the export of Azerbaijani gas within Stage 1 of Shah Deniz to Turkey amounted to 4 billion 239.9 million cubic meters, to Georgia - 519.7 million cubic meters, the Minister of Energy Natig Aliyev states.
"Within the first 9 months of 2015 the volume of gas production in Azerbaijan amounted to 21.6 billion cubic meters, of which 16.4 billion cubic meters were produced from Shah Deniz and Azeri-Chirag-Guneshli", - Aliyev stated in his article published in the official newspaper "Respublika".

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Since the beginning of the year Azerbaijan has produced almost 19 billion cubic meters of gas.

In January-August 2015 SOCAR (State Oil Company of Azerbaijan) produced 4.58 billion cubic meters, which is 7.7 percent less than within the same period last year (4.96 billion cubic meters), a statement posted on its website on Thursday informs.
SOCAR is developing block of oil and gas fields "Azeri-Chirag-Guneshli" (ACG) and gas condensate field "Shah Deniz" jointly with foreign investors.

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Japan Itochu discusses prospects of participation in the project OGPC with SOCAR

SOCAR (Azerbaijan) and Itochu (Japan) held negotiations regarding the prospects of participation of the Japan company in the project of a new oil and gas refining and petrochemical complex creation in Azerbaijan. The questions have been discussed during the meeting of the delegation of SOCAR, headed by the company’s president R.Abdullaev with the vice-president of Itochu, chairman of the Japanese-Azerbaijani Committee on Economic Cooperation Mr.Yoichi Kobayashi and the managing director of the corporation T.Yasuda.
The parties mentioned a 20-years successful bilateral cooperation. The spokesmen for Itochu appreciated the assistance of SOCAR, which it renders to its partners within the frame of “Azeri-Chirague-Guineshly” block of oil-and-gas deposits development project and thanked the management of SOCAR for the leading role in the realization of the project.

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Status of the Caspian Sea - a trump card of Moscow against Trans-Caspian pipeline.

Moscow continues to oppose the Trans-Caspian. At this time the Russian Foreign Ministry spokesman Aleksandr Lukashevich commented on the construction of the Trans-Caspian Gas Pipeline (THC), which would connect Azerbaijan and Turkmenistan, and then direct the gas flow on the Southern Corridor to the EU, bypassing Russia. According to him, Russia and Iran are now actively opposing this position, stating that the construction of such a pipeline under the Caspian Sea must enlist the support of all the countries of the Caspian region.

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Azerbaijan. Profit oil exceeds 54% and keeps growing

The share of Azerbaijan in production sharing under the PSA for the development of Azeri-Chirague-Guineshly reached 54.3%.
As the first vice-president of SOCAR Kh.Yusifzade asserted, the country received 200 million tons of profitable oil since the development of the block began. Atc.az reports.

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Profit oil of Azerbaijan exceeds 54% of production in the Contract of the Century and continues to grow.

The share of Azerbaijan in the production sharing agreement of the century (PSA for development of oilfield block Azeri-Chirag-Guneshli) reached 54.3% throughout history of development.
At the conference Caspian Oil & Gas,the First Vice-President of the State Oil Company of Azerbaijan (SOCAR) Khoshbakht Yusifzade stated that within the history of the development of the block the country received 200 million tons of profit oil, abc.az informs.

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BP reduces staff in Azerbaijan

In order to improve the competitive ability the British company BP, a participant of large energy projects in Azerbaijan, cut work force by 255 people. They were both Azerbaijanis and foreigners, Trend reports citing BP-Azerbaijan.
As they said in the company, the reduction of the staff is part of measures, aimed at an increasing of the competitive ability of BP and improving of efficiency in the current circumstances.

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