GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Azeri oil output falls, driven by BP-operated fields

Mon, 21st Jul 2014 09:52

BAKU, July 21 (Reuters) - Azerbaijan's oil and condensate output fell 2.8percent in the first half of 2014, a source at the State Statistics Committeesaid on Monday, driven by declines at fields operated by BP. Falling output at the main Azeri, Chirag and Guneshli (ACG) oilfields hadpreviously raised concerns in Baku. BP and its partner SOCAR said last year that output from the fields - thebiggest oil production project in Azerbaijan and one of the largest globally forthe UK oil major - had stabilised. The country's oil and condensate output was 21.2 million tonnes in the firstsix months compared with 21.8 million in the same period of 2013, the sourcesaid. BP said earlier this year oil production at ACG might be slightly lower thanin 2013 as the company planned maintenance work at the Central Azeri and WestAzeri platforms, halting operations for a couple of weeks. The company did not say when the work would start. Natural gas production rose to 15.2 billion cubic metres (bcm) inJanuary-June from 14.3 bcm, the source said, citing a rise in production ofassociated gas at the ACG and SOCAR's own production on other fields. Jan-Jun Jan-Jun Jan-Dec SOCAR estimates e 2014 e 2013 2013 for 2014 Oil + 21.2 21.8 43.5 41.2 condensate (mln tonnes) Total natural 15.2 14.3 29.5 28.8 gas (bln cubic metres) (Reporting by Nailia Bagirova; writing by Margarita Antidze,; editing by JohnStonestreet)

Related Shares

More News
4 Jun 2024 17:16

European shares snap three-day winning streak on commodities' drag

Energy shares hit over two-month lows, biggest drag *

4 Jun 2024 17:03

Sector movers: Miners, Big Oil weigh on FTSE 350

(Sharecast News) - Commodity related stocks were the chief drag on the FTSE 350 amid a combination of growth concerns and risk aversion.

4 Jun 2024 17:01

London stocks log declines as losses in miners weigh

FTSE 100 down 0.4%, FTSE 250 falls 0.9% *

4 Jun 2024 16:53

LONDON MARKET CLOSE: Cooling US job market boosts rate cut hopes

(Alliance News) - Stock prices in London closed lower on Tuesday, with New York tracking down, amid some disappointing economic data from the US.

4 Jun 2024 11:59

LONDON MARKET MIDDAY: BP and Shell take hit as oil prices retreat

(Alliance News) - Stock prices in London were lower at midday Tuesday, with oil majors BP and Shell dragging the index lower as oil prices took a hit.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.