Azerbaijan reveals volume of oil output from ACG block

  01 November 2017    Read: 1072
Azerbaijan reveals volume of oil output from ACG block
Azerbaijan has produced 438 million tons of oil and 138 billion cubic meters of associated gas from the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Caspian Sea since November 1997, Alakbar Abbasov, adviser to first vice president of Azerbaijan’s state oil company SOCAR, said.
Abbasov made the remarks Nov. 1 at the SPE’s 4th annual Caspian Technical Conference and Exhibition in Baku.

He added that 246 million tons of the produced oil accounted for profitable oil.

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