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Azerbaijan produces 9.3 million tons of oil in Q1 2020

Christian Fernsby |
The volume of oil produced from the block of Azeri-Chirag-Guneshli (ACG) fields amounted to 505 million tons as of April 1, 2020, the Azerbaijani Energy Ministry has said in a report, Azernews reported.

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Topics: AZERBAIJAN    OIL   

“As of April 1, 2020, 505 million tons of oil and 168.4 billion cu m of associated gas were produced from the block of ACG fields. At the same time, in the 1st quarter of 2020, 6.4 millions tons of oil (a decline of 7.2%) and 3.5 billion cu m of gas (an increase of 9.4%) produced from the ACG block,” the ministry's report says.

According to the Ministry of Energy, the total oil production in Azerbaijan in the 1st quarter of 2020 exceeded 9.3 million tons, meaning the total export with 7.6 million tons. In the meantime, the total gas production from the Shah Deniz field in 2006-2020 amounted to 121.5 billion cu m.

“Moreover, in the 1st quarter of this year from this, the field produced 4.7 billion cu m of gas (an increase of 9.3%) and 0.952 million tons of condensate were produced,” the report says.

The ministry also notes that in the 1st quarter of 2020, 2.6 billion cu m of gas was exported from the Shah Deniz field to Turkey, which is 23% higher than that in the same period of 2019. At the same time, so far, 527 million tons of oil, along with condensate and 80.3 billion cu m of gas, have been exported from the Shah Deniz field and the Azeri-Chirag-Guneshli block to world markets.


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