Baku: In the first half of this year, approximately 1.5 billion cubic meters of associated gas from the Azeri-Chirag-Gunashli (ACG) oil and gas field block were transferred to the Azerbaijani state, particularly to SOCAR, through the Sangachal terminal and facilities at ‘Oil Rocks.’ This marks a 25% increase compared to the same period last year, as reported by APA-Economics citing BP’s report on its activities in Azerbaijan for the first half of the current year.
According to Azeri-Press News Agency, during the reporting period, an average of 8 million cubic meters of gas per day was delivered from ACG to SOCAR. The report also highlights that the remaining portion of the produced associated gas was reinjected into the reservoir to maintain pressure.
A portion of the associated gas produced at ACG is provided to SOCAR free of charge. The profit-sharing ratio in ACG is distributed among various stakeholders: BP holds 30.37% and functions as the operator, AzACG (SOCAR) has 31.65%, MOL holds 9.57%, Inpex owns 9.31%, ExxonMobil possesses 6.79%, TPAO owns 5.73%, Itochu holds 3.65%, and ONGC Videsh Ltd. (OVL) has 2.92%.