Azerbaijan Can Produce Two-Trillionth Cubic Meter of Gas in Less than Forty Years
2017 November 10 ( Thursday ) 10:29:12
Baku/10.11.17/ Turan: Azerbaijan could produce a three-billionth ton of oil in 2060, the First Vice-President of the State Oil Company of Azerbaijan Khoshbakht Yusifzadeh said. "Calculations show we will be able to produce a three-billionth ton of oil in Azerbaijan around 2060," he said.
According to him, it is planned to produce a two-trillionth cubic meter of gas in Azerbaijan in 2055.
To date, more than 790 bcm of gas has been produced in Azerbaijan. The Statistical Committee of the country has been keeping records of gas since 1928. In the years of independence, from 1992 to the present time, about 210 bcm of commercial gas has been produced in Azerbaijan, of which more than 82 bcm accounted for the Shah Deniz field. After 2021, about 35 bcm of commercial gas is planned to be produced in Azerbaijan annually. Then, production volumes with the introduction of new deposits (Shah Deniz-3, deep-seated ACG beds, and the Babek field) may exceed 40 bcm annually.
Note that the one-billionth ton of oil in Azerbaijan was produced in 1971, and the two-billionth ton - on November 8, 2017. -12B-