Bank Of Baku

Only 27% of Azeri-Chirag-Guneshli fields’ block used

Only 27% of Azeri-Chirag-Guneshli fields’ block used
# 25 September 2012 14:00 (UTC +04:00)
This makes 27% of fields’ block, said the high-level source, represented in Azerbaijan’s oil indusrty during expressing opinion on information in foreign press about ending of these fields.

Volume of the oil reserves in the fields did not change and there is 755 mln tons of oil reserve, said the source.

Note that, according to foreign press, decrease of oil extraction in Azeri field was caused by ending of reserves. But the source refuted these: “decrease of extraction in Azeri field is related with technical reasons”.






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