ACG oil transshipment from Ceyhan terminal nears 84 mb YTD

Oil Materials 31 May 2021 10:39
Baku, Azerbaijan Trend News Agency Leman Zeynalova
ACG oil transshipment from Ceyhan terminal nears 84 mb YTD

Turkish BOTAS International Limited (BIL) has to date shipped nearly 3.655 billion barrels of oil from the Ceyhan oil terminal, Trend reports referring to BIL.

The BIL data shows that 4,775 tankers with oil from the Azeri-Chirag-Gunashli (ACG) block of fields have been loaded from the terminal to date.

As many as 116 tankers with ACG oil (around 83.9 million barrels of oil) were shipped from the Ceyhan oil terminal since early 2021.

Oil from the ACG block located in the Azerbaijani sector of the Caspian is transported via Baku-Tbilisi-Ceyhan (BTC) to the world markets. BTC is operated by BOTAS International Limited.

Baku-Tbilisi-Ceyhan (BTC) crude oil pipeline was built for the safe, economic, and environmentally friendly transportation of oil produced in the Caspian region through Azerbaijan, Georgia, and Turkey, and from there to the world markets.

BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.

ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (replaced Chevron as of 16 April 2020 (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).

Total Azeri-Chirag-Gunashli (ACG) production for the first quarter of 2021 was on average about 484,000 barrels per day (b/d), as compared to about 524,000 barrels per day in Q 1 2020.

During the first quarter, ACG continued to safely and reliably deliver stable production. Total ACG production for the quarter was on average about 484,000 barrels per day (b/d) (about 44 million barrels or 6 million tonnes in total) from the Chirag (30,000 b/d), Central Azeri (112,000 b/d), West Azeri (130,000 b/d), East Azeri (79,000 b/d), Deepwater Gunashli (89,000 b/d) and West Chirag (44,000 b/d) platforms.