BP and its partners lower a little Azeri oil daily production against last year Energy

BP and its partners lower a little Azeri oil daily production against last year

 

The Azerbaijan International Operating Company (AIOC), which develops oilfield block Azeri-Chirag-Gunashli in the Azerbaijan sector of the Caspian Sea, decreased the oil production for Jan-Mar 2016 compared to Q1 of 2015.

BP Azerbaijan (project operator) informs that by the end of Q1 of 2016 ACG oil production reached 651,000 bpd versus 661,000 bpd in Q1 of 2015.

In 2015 oil production from ACG totaled 634,000 bpd. The index reached 661,000 bpd in Q1, 621,000 bpd in Q2, 638,000 bpd in Q3, and 616,000 bpd in Q4 of 2015. The index made up 638,000 bpd on average in 2014 and 655,370 bpd in 2013.

“The oilfield has been produced totally 8 million tons for Q1 of 2016 (about 59 million barrels) as well as in Q1 of 2015,” BP said.

In 2015 the oilfield was produced totally 31.3 million tons (231 million barrels), including by 8 million barrels in the 1st, 2nd, and 3rd quarters, and 7.3 million tons in Q4.

In 2014 the block was produced 31.5 million tons (223 million barrels), and in 2015 its fall made up 0.6%.

At the same time BP Azerbaijan reports that for Jan-Mar 2016 it was exported 75 million barrels of oil and condensate from the Sangachal terminal, including 67 million barrels via Baku-Tbilisi-Ceyhan (BTC) and 8 million via Baku-Supsa, against 79.2 million barrels for the same term of 2015.

In 2015 it was exported 296 million barrels of oil and condensate from the Sangachal terminal (79.2 million barrels of oil and condensate in Q1, 74.8 million barrels in Q2, 70 million barrels in Q3, and 72 million barrels in Q4), including 198 million barrels via Baku-Tbilisi-Ceyhan (BTC) (69 million barrels in Q1, 66 million in Q2, 63 million in Q3, and 63.6 million in Q4), 31.4 million barrels via Western Route Export Pipeline (WREP) (8 million barrels in Q1, 8.3 million in Q2, 7.3 million in Q3, and 7.8 million in Q4) and 2.2 million barrels by rail (1.6 million and 600,000 barrels in Q1 and Q2, while it was not carried in Q3 and Q4).

Export of condensate totaled 900,000 barrels, including 500,000 barrels in Q1, 400,000 barrels in Q2, and no export in Q3 and Q4. At that, export via BTC was estimated in 35 million tons (by 9 million tons in Q1 and Q2, 8.3 million tons in Q3, and 8.7 million in Q4) that allowed to ship 361 tankers from Ceyhan.

Over Jan-Mar 2016 export via BTC was estimated at 9 million tons, as well as in Q1 of 2015 that allowed shipping 82 tankers from Ceyhan port.

AIOC participating interests are: BP (operator – 35.8%), Chevron (11.3%), SOCAR (11.6%), INPEX (11%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), ITOCHU (4.3%), ONGC Videsh Limited (OVL) (2.7%).

 

source: ABC.az

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