25th Anniversary Caspian International Oil & Gas Conference

6 - 7 June 2018 • JW Marriott Absheron Baku

Media Centre » News

3 bn barrels of oil extracted within Caspian Contract of Century

3 bn barrels of oil extracted within Caspian Contract of Century
17.08.2016

The overall oil production from oilfield block Azeri-Chirag-Gunashli (ACG) within the Caspian Contract of the Century has reached 3 bn barrels.

Gordon Birrell, BP regional president for Azerbaijan-Georgia-Turkey, has stated that this is a significant milestone for both BP and for Azerbaijan is a significant event both for the Company and for Azerbaijan.

Production at ACG started in 1997 from platform Chirag-1. Production from six platforms is underway. The PSA contract on ACG was signed in Baku on 20 September 1994.


News

All news