Baku. 10 May. REPORT.AZ/ In the quarter I of 2017, the BP-led Azerbaijan International Operating Company (AIOC) in Azeri-
Report informs referring to "BP-Azerbaijan", during the reporting year it has made 1.1 billion cum in total.
The volume of associated gas to SOCAR increased by 58.9%, compared with the first quarter in 2016.
It was noted that the rest of the associated gas re-injected into the reservoir to maintain pressure.
Notably, the Production Sharing Agreement (PSA) signed on September 20, 1994 in Baku. Azerbaijan International Operating Company (AIOC) was established in February, 1995. The AIOC controls field block on behalf of BP. Participants in the project are the companies BP (35,8% - operator), SOCAR (11,6%), Chevron (11,3%), Inpex (11%), Statoil (8,6%), ExxonMobil (8%), TPAO (6,8%), Itochu (4,3%), ONGC Videsh Ltd. (2.7%).