Azerbaijan’s oil and condensate production from ACG and Shah Deniz down

Azerbaijan produced a total of 3.5 million tons of oil (including condensate) in the first two months of 2024, which is a decrease of 0.5 million tons, or 12.5 percent, compared to the same period of the previous year, Report informs via the operational data of the Ministry of Energy.

In January-February 2024, the Azeri-Chirag-Gunashli field produced 2.8 million tons of oil for the reporting period, representing a decrease of 0.2 million tons, or 6.67 percent, from the period of 2023.

Meanwhile, Shah Deniz field produced 0.7 million tons of condensate in the specified period, showing a decline of 0.3 million tons, or 30 percent, compared to the indicator of 2023.

Over the course of two months, 3.4 million tons of oil and condensate produced from the mentioned fields were exported, which is 0.6 million tons, or 15 percent less than in the first two months of 2023.

Since the date of commissioning until March 1, 2024, the Azeri-Chirag-Gunashli and Shah Deniz fields produced 632.7 million tons of oil (including condensate). Of the mentioned volume, 587.5 million tons of crude oil were extracted from ACG, while 45.2 million tons of condensate were extracted from Shah Deniz.

A total of 630.7 million tons of oil (including condensate) were exported during the reporting period.