BAKU, Azerbaijan, September 15. Azerbaijan produced 29 million tons of oil and 50.4 billion cubic meters of gas last year.
Data obtained by Trend from SOCAR’s (State Oil Company of Azerbaijan) 2024 report indicates that oil output decreased by 1.1 million tons, while gas production increased by 2.1 billion cubic meters, compared to 2023.
From fields operated by SOCAR, total production in 2024 included 7.48 million tons of oil, including condensate, and 7.7 billion cubic meters of gas.
Notably, the Azeri-Chirag-Gunashli (ACG) field yielded 16.8 million tons of oil and 13.4 billion cubic meters of gas, the Shah Deniz field produced 4.16 million tons of oil and 27.7 billion cubic meters of gas, and the Absheron field delivered 572,200 tons of condensate and 1.52 billion cubic meters of gas.
Moreover, SOCAR’s total gas production in 2024 amounted to 7.71 billion cubic meters
SOCAR noted that 97.3 percent of oil production came from temporary fund wells, 1.3 percent from new wells, and 1.4 percent from inactive wells. Production methods included artificial lift, gas lift, and deepwell pumps, accounting for 52.4 percent, 28.1 percent, and 19.5 percent of total oil output, respectively.
As of January 1, 2025, the company’s well stock included 7,610 wells, of which 129 were gas wells, with 5,715 wells actively in operation, including 83 gas wells.
