Volume of oil output from ACG, Shah Deniz disclosed

Overall, 13.8 million tons of oil (including condensate) were produced at the Azeri-Chirag-Gunashli (ACG) fields block and Shah Deniz field, located in the Azerbaijani sector of the Caspian Sea in the first eight months of 2024, Report informs, citing Azerbaijan’s Energy Ministry.

According to the obtained data, this is a 1.4 million tons or 9.2-percent drop compared to the corresponding period in 2023.

In January-August 2024, 11.1 million tons of oil were extracted from ACG, which is 3.1 million tons or 38.8% more year-on-year.

Also, 2.7 million tons of condensate were extracted from the Shah Deniz field during the reporting period, marking a decrease of 0.5 million tons or 15.6% ​​compared to the same period last year.

Since the commissioning of Azeri-Chirag-Gunashli and Shah Deniz till September 1, 2024, nearly 643 million tons of oil (including condensate) have been produced from the fields.

Of that, 595.8 million tons have been produced from Azeri-Chirag-Gunashli and 47.2 tons from Shah Deniz. During this period, 641.2 million tons of oil (including condensate) were exported.