Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

UPDATE 1-BP's Azeri oil output falls slightly in 2019

Thu, 06th Feb 2020 13:42

(Adds more info, background)

BAKU, Feb 6 (Reuters) - * BP said on Thursday
that oil output at its projects in Azerbaijan declined slightly
last year to 535,000 barrels per day (bpd) or 26 million tonnes
for the whole of the year.

* That was down from 584,000 bpd, or 29 million tonnes, in
2018.

* Associated gas output at the Azeri-Chirag-Guneshli (ACG)
oilfields fell to 2.1 billion cubic metres (bcm) last year, from
2.3 bcm in 2018, the BP-led consortium said in a statement.

* The oilfields account for most of Azerbaijan's oil
production.

* The Sangachal terminal exported about 263 million barrels
of oil. This included about 235 million barrels through the
Baku-Tbilisi-Ceyhan (BTC) pipeline and about 28 million barrels
through Baku-Supsa pipeline, the consortium said.

* The consortium said that its Azeri units produced about
16.8 bcm of natural gas and about 3.5 million tonnes of
condensate at the Shah Deniz field last year, up from 11.5 bcm
and 2.5 million tonnes in 2018.

* More than 45 million standard cubic metres of Shah Deniz
gas was exported daily in 2019.
(Reporting by Nailia Bagirova and Margarita Antidze; editing by
Susan Fenton)

Related Shares

More News
21 Jun 2024 15:15

UK dividends calendar - next 7 days

20 Jun 2024 21:19

BP to buyout Bunge's stake in Brazilian JV in USD1.4 billion deal

(Alliance News) - BP PLC on Thursday said it has agreed to buy Bunge's 50% stake in the BP Bioenergia SA joint venture for USD1.4 billion.

20 Jun 2024 17:38

BP to buy out Bunge's stake in Brazilian biofuels JV in $1.4 bln deal

LONDON, June 20 (Reuters) - BP has agreed to buy grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for...

20 Jun 2024 16:48

Carlyle creates new Med oil and gas company with $945 mln Energean deal

LONDON, June 20 (Reuters) - Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private eq...

15 Jun 2024 00:04

Crew evacuated from Greek-owned vessel hit by Houthis

MANILA/LONDON, June 14 (Reuters) - The crew of a Greek-owned vessel damaged in an attack by Yemeni Houthi militants has been evacuated, and the aban...

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.