Bank Of Baku

Azerbaijan’s gas reserve to reach 20 bcm in 2015

Azerbaijan’s gas reserve to reach 20 bcm in 2015
# 06 June 2012 09:11 (UTC +04:00)
Speaking about oil and gas extraction and reserves of the country Yusifzadeh noted that, gas reserve of Azeri-Chirag-Guneshli structure makes 350 bcm, condensate – 45 mln tons.

Gas reserve in Shah Deniz is 1.3 trillion cm, condensate – 240 mln tons: “Totally, annual gas extractin within Shah Deniz II will make 16 bcm, gas extraction as a result of exploitation of 1st and 2nd phases will be 26 bcm.”.

He also noted that, gas reserve of Umid field makes 200 bcm, condensate – 40 mnl tons, Babek field – 400 bcm and 80 mln tons.

He also stated that, SPOCAR would starts exploratory works with German RWE Company in Nakhchivan structure, with BP Company– in Shafag-Asiman structure.
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