It should be noted that at the end of the quarter, 124 wells were producing oil, while 39 wells were used for water and 7 for gas injection. In addition, during the first 3 quarters of the year, ACG completed 10 oil producer and 2 injector wells.
Moreover, during the reported period, ACG delivered an average of 1.6 million cubic metres of ACG associated gas to SOCAR, primarily at the Sangachal Terminal, and to SOCAR’s Oil Rocks facility.
Likewise, the company spent about $399 million in operating expenditure and about $1.3 billion in capital expenditure on the ACG activities, in the first 3 quarters of 2020. Total oil production from the ACG block of fields since the start of its operations has reached more than 3.8 billion barrels.
Furthermore, in the first 9 months of 2020, the Shah Deniz field produced around 13.3 billion cubic metres of gas and 2.7 million tonnes of condensate.
The existing Shah Deniz facilities’ production capacity is currently over 56 million cubic metres of gas per day. It was noted that during the reported period, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan, Georgia, Turkey and to BTC Company in multiple locations.
Additionally, Shah Deniz has produced more than 130 billion cubic metres of gas and more than 31 million tonnes of condensate since the start of its operations.
Author: Ayya Lmahamad
