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Shahdeniz produces 88.5 bcm of gas so far


Shahdeniz field has produced 88.5 billion cubic meters of gas and 22 million tonnes of condensate so far, Energy Ministry said in its report on activity in fuel-energy complex in 2017.

 

According to the report, Azerbaijan conducted discussions with partners on joint exploration of deep parts of Azeri, Chirag and Guneshli fields and PSA and signed a new agreement on extension of ACG project.  

 

According to the agreement, SOCAR’s share in ACG increased from 11.65% to 25%, foreign companies will pay $3.6 billion bonus to SOFAZ: ‘$40 billion is planned to be invested in ACG during next 32 years. Azerbaijan’s profit oil will make up 75%’.

 

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