Since the beginning of the development of the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields, 3.5 billion barrels of oil have been extracted here, Bakhtiyar Aslanbayli, Communications, External Affairs, Strategy & Region Vice President at BP Azerbaijan-Georgia-Turkey said at the 3rd IAEE Eurasian Conference on Impact of Global Changes in the Energy Sector in the Caspian and Central Asia Region Oct. 19.

The project for development of Azerbaijan’s Shah Deniz gas and condensate field is a project which indeed the world should be proud of, said OPEC Secretary General Mohammad Sanusi Barkindo.

The first commercial gas supplies to Europe via the Trans-Adriatic Pipeline (TAP) will begin in March 2020.

Azerbaijan produced 588,000 barrels of oil per day (b/d) from Azeri-Chirag-Gunashli block, BP report on 2017 year-end results reads.

The State Oil Fund of Azerbaijan SOFAZ received a total of $131.643 billion from sales of profitable oil from the Azeri-Chirag-Gunashli (ACG) block and profitable gas from the Shah Deniz gas condensate field as of February 1, 2018.

From the Azeri-Chirag-Gunashli (ACG) block, which is located in the Azerbaijani sector of the Caspian Sea, was produced 28.9 million tons of crude oil in 2017.

The total volume of direct investments attracted to the oil and gas sector of Azerbaijan amounted to $3.771 billion in January-September.

The new purpose-built facility within the second stage of development of Azerbaijan’s Shah Deniz field is expected to be commissioned by UK EXPRO international oilfield service company during the month of October, the company's manager for Azerbaijan Andy Sadler told Trend.

BP has resumed production of natural gas at the largest gas condensate field Shah Deniz in the Azerbaijani sector of the Caspian Sea, stopped earlier due to maintenance works on the platform.

BP has resumed production of natural gas at the biggest gas condensate field Shah Deniz in the Azerbaijani sector of the Caspian Sea that was stopped earlier due to maintenance work at the platform, Tamam Bayatly, communications manager of the BP Azerbaijan Communication and External Affairs Department, told Trend on August 28.