The ACG production amounted to 31.5 million tons of oil in 2014. Thus, the production decreased by 1.6 percent at the field during a year.
In total, Azerbaijan produced 41.6 million tons in 2015 compared to 42.4 million tons produced in 2014.
The contract for the Azeri-Chirag-Guneshli development was signed in 1994. Shares in the contract are as follow: BP (operator) - 35.78 percent, Chevron - 11.27 percent, Inpex - 10.96 percent, AzACG - 11.65 percent, Statoil - 8.56 percent, Exxon - eight percent, TPAO - 6.75 percent, Itochu - 4.3 percent and ONGC - 2.72 percent.
The geological oil reserves on the ACG block amount to more than two billion tons. More than one billion tons of this volume account for recoverable reserves.
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