Volume of oil output along with condensate from ACG and Shah Deniz drops

Overall, 10.4 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 six months of 2024, Report informs, citing Azerbaijan’s Energy Ministry.

According to the obtained data, this is a decline of 1 million tons or 8.8 percent compared to the corresponding period in 2023.

In the first half of 2024, 8.3 million tons of oil were extracted from ACG, which is 0.7 million tons or 7.8% less year-on-year.

Also, 2.1 million tons of condensate were extracted from the Shah Deniz field during the reporting period, marking a decrease of 0.3 million tons or 12.5% ​​compared to the first half of 2023.

Since the commissioning of Azeri-Chirag-Gunashli and Shah Deniz till July 1, 2024, nearly 639.6 million tons of oil (including condensate) have been produced from the fields.

Of that, 593 million tons have been produced from Azeri-Chirag-Gunashli and 46.6 tons from Shah Deniz. During this period, 637.6 million tons of oil (including condensate) were exported.