Azerbaijan, Baku, April 20 / Trend /
Since the development of the Azeri-Chirag-Guneshli (ACG) fields in1997, about 45.4 billion cubic meters of associated gas have been produced, Azerbaijani Industry and Energy Ministry spokesman Azer Mansimli said. Roughly 19.1 billion cubic meters were transferred to Azerbaijan.
The remaining volume of associated gas produced in this field was pumped into a reservoir and used for equipment and machinery.
Since the development of the Shah-Deniz field in 2006, 19.2 billion cubic meters of gas were produced from the field, Mansimli said. Roughly 5.4 billion transferred to Azerbaijan.
According to the state official, of the total volume of natural gas extracted from Shah Deniz, 11.9 billion cubic meters were sent to Turkey and 1.1 billion cubic meters were sent to Georgia under the existing contract. The remaining amount was used for equipment and machinery, in particular, as fuel for pumping stations on the Baku-Tbilisi-Ceyhan Pipeline.
The contract to develop Shah Deniz was signed June 4, 1996. Participants to the agreement are: BP (operator) - 25.5 percent, Statoil Hydro - 25.5 percent, NICO - 10 percent, Total - 10 percent, LukAgip - 10 percent, TPAO - 9 percent, and SOCAR - 10 percent.
Now gas is transported to Georgia and Turkey via the South Caucasus Gas Pipeline. Azerbaijan also purchases gas.
The agreement on the joint development and production of ACG was signed in September 1994 for a duration of 30 years.
Participants of the project are BP (operator - 34.1367 percent of share holding), Chevron (10.2814 percent), SOCAR (10 percent), INPEX (10 percent), Statoil (8.5633 percent), ExxonMobil (8.006 percent), TPAO (6.75 percent), Devon Energy (5.6262 percent), Itochu (3.9205 percent), Delta Hess (2.7213 percent).