Azerbaijan produces over 21 mln tons of oil and gas condensate

By: Aynur Jafarova

Azerbaijan produced 21.22 million tons of oil and gas condensate in the first half of 2014, State Statistics Committee said.

In 2013, the country produced 43.1 million tons of oil and gas condensate.

The most amount of produced oil fell to the Azeri-Chirag-Gunashli block of oil and gas fields and the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea that were developed jointly with foreign partners.

The ACG block of fields has been active since 1997. Production started from Chirag part of the field and was followed by Azeri Project: Central Azeri production started in February 2005, West Azeri began producing in December 2005, and East Azeri came on stream in October 2006.

The Deepwater Gunashli section launched production in April 2008.

The Shah Deniz field, one of the world’s largest gas-condensate fields was discovered in 1999. Its reserves are estimated at 1.2 trillion cubic meters of gas. Overall, the field has proved to be a secure and reliable supplier of gas to Azerbaijan, Georgia, Turkey, and Europe.

The State Statistics Committee also said energy-rich Azerbaijan produced 9.1 billion cubic meters of marketable gas in January-June 2014, which is 2.9 percent more compared to the same period last year.

In 2013, the oil-rich Caspian littoral state produced 17.9 billion cubic meters of marketable gas.

SOURCE: AZER NEWS