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GECF: ACG enters a new phase as a strategically integrated asset

04 August 2026 11:29 (UTC +04:00)

Azerbaijan's Azeri-Chirag-Gunashli (ACG) block of fields in the Caspian Sea has entered a new phase as a strategically integrated asset, the Gas Exporting Countries Forum (GECF) said, APA-Economics reports.

The report notes that commercial production of non-associated natural gas has already begun at the ACG block in Azerbaijan.

According to the report, the ACG field, which has been producing oil for nearly 30 years, contains an estimated 115 billion cubic meters (4 trillion cubic feet) of non-associated natural gas reserves, with the potential to increase to as much as 6 trillion cubic feet.

"The first well was drilled from the existing West Chirag platform located in Azerbaijan's sector of the Caspian Sea. This marks a new phase for ACG as a strategically integrated asset combining oil and gas production," the report emphasizes.

Note that the ACG partners' participating interests in the gas project remain the same as under the existing Production Sharing Agreement for the ACG block: bp – operator (30.37%), SOCAR (35.3%), MOL (9.57%), INPEX (9.31%), ExxonMobil (6.79%), TPAO (5.73%), and ONGC Videsh (2.92%).