In the first nine months of this year, 10.2 billion cubic metres of gas were produced from the Azeri-Chirag-Gunashli (ACG) block in the Azerbaijani sector of the Caspian Sea, according to operational data released by the Ministry of Energy.
Compared with the same period in 2024, gas output from ACG rose by 0.4 billion cubic metres, or 4.1%.
Overall, 38.2 billion cubic metres of natural gas were produced in Azerbaijan during January–September, an increase of 1.1 billion cubic metres, or 2.96%, compared with the same period last year.
From the Shah Deniz field, 20.9 billion cubic metres of gas were extracted, up 0.4 billion cubic metres, or 1.95%, year-on-year.
Meanwhile, the Absheron field produced 1.2 billion cubic metres, a rise of 0.1 billion cubic metres, or 9.1%, compared with the same period in 2024.
During this period, SOCAR produced 5.9 billion cubic metres of natural gas, up 0.2 billion cubic metres, or 3.5%, compared with January–September 2024.
Since the start of operations, the ACG and Shah Deniz fields have produced a total of 497.7 billion cubic metres of gas up to 1 October this year, with 240 billion cubic metres from ACG and 257.7 billion cubic metres from Shah Deniz. Of this, 185.7 billion cubic metres were exported.
ACG is Azerbaijan’s largest oil block. The initial production-sharing agreement was signed on 20 September 1994, and a new agreement on joint development and production sharing came into force on 14 September 2017, covering operations until the end of 2049.
The ACG block’s ownership shares are as follows: BP (30.37%), SOCAR (31.65%), MOL Group (9.57%), INPEX (9.31%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.92%).
The exploration and production-sharing agreement for the Shah Deniz prospective area was signed on 4 June 1996 and ratified on 17 October 1996. Located 70 km southeast of Baku, the field was discovered in 1999. Participating companies include BP (operator – 29.99%), LUKoil (19.99%), TPAO (19%), NICO (10%), Southern Gas Corridor (16.02%), and MVM (5%).
The Absheron field was discovered in the 1960s and is estimated to hold 350 billion cubic metres of gas, making it the second-largest field in the Caspian after Shah Deniz. A contract for the field was signed in 2009 between SOCAR and France’s Total. On 4 August 2023, an agreement was signed with the Abu Dhabi National Oil Company (ADNOC) for a 30% participation stake. After the transaction, SOCAR and TotalEnergies will each hold 35%.
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