Azeri-Chirag-Gyuneshli

BP and partners invest tens of billions of dollars into Azerbaijan.

BP and its partners invested $ 36.87 billion in their projects in Azerbaijan from 2012 to 2016,

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Baku and BP extend contract on development of the Azeri-Chirag-Gunashli field to 2050.

The contract to extend the development of the block of Azeri-Chirag-Guneshli oil and gas fields (ACG) in the Azerbaijani sector of the Caspian Sea with British Petrolium (BP) was signed in Baku on

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Turkey set priorities in gas sector, not in favor of Russia

Gazprom started construction of the underwater part of the Turkish Stream gas pipeline, but the administration of the President of Turkey believes that the priority for the country is another proje

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Ilham Aliyev: Azerbaijan becomes the guarantor of energy security in the region.

On Wednesday the President of Azerbaijan Ilham Aliyev and the First Lady Mehriban Aliyeva participated in the opening of the XXIV International Exhibition and Conference "Caspian Oil and Gas-2

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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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