Volume of associated gas delivered to SOCAR up by more than 3% 

During the first quarter of 2022, the Azerbaijan International Operating Company (AIOC) delivered an average of around 12 million cubic metres per day of ACG (Azeri-Chirag-Deepwater Gunashli) associated gas to the state of Azerbaijan (1 billion cubic metres in total), primarily at the Sangachal Terminal but also to SOCAR’s Oil Rocks facility, up 3.45% from the previous year, bp Azerbaijan told Report.

The remainder of the associated gas produced was re-injected for reservoir pressure maintenance.

The first production sharing agreement (PSA) for ACG development was signed on September 20, 1994, while a new deal on the joint exploitation of these fields and production sharing was reached on September 14, 2017. The agreement provides for the development of the fields by the end of 2049.

The AIOC was established in February 1995.

ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGCVidesh (2.31%).