• The State Oil Company of the Republic of Azerbaijan (SOCAR) is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying of natural gas to the industry and population within the country. • SOCAR conducts various petroleum activities in countries such as Georgia, Turkey, Romania, Switzerland, Germany and Ukraine, including trading activities, mainly in Switzerland, Singapore and Nigeria.
AZ AZERI RI-CH CHIRA RAG-DEEPWATE TER GUNASHLI From the start of production in November 1997 till the end of 2Q 2019, ACG produced about 488 million tonnes (more than 3.6 billion barrels) of oil. Around 3.3 billion barrels of ACG oil have been exported to world markets via the Baku-Tbilisi- Ceyhan pipeline. Since 2006, 4,300 tankers loaded with ACG oil have been lifted from the Ceyhan terminal. More than 44 billion cubic meters of associated gas were delivered to Azerbaijan since the start of production till the end of 2Q 2019. Capital expenditure in the ACG project by the end of 2Q 2019 was $36 billion. On 14 September 2017, the ACG PSA was extended until end of 2049.
SOUT SOUTHER ERN GA GAS S COR ORRIDOR OR
European gas demand European gas suppliers bcma bcma Source: BP Energy Outlook 2035
Gas Gas Export t Potential tial 60 Billion cubic meters per annum (bcm/a) 50 40 Shafaq/Asiman SD3 Umid/Babek SD subsea compression 30 Absheron 20 ACG Deep water SD2 10 SD1 0 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044
IRAN Trans-Adriatic Pipeline Trans-Anatolian Pipeline Shah Deniz 2 and SCP expansion (TAP) MALTA (TANAP) SYRIA FLUXYS IRAQ BP BP BP TPAO BP CYPRUS BO BOTAS MEDITERRANEAN SEA LEBANON 19% AXPO 20% 12% 19% 28.8% 30% Shah Deniz Field 5% 10% NICO 20% 16% South Caucasus Pipeline Expansion (SCPX) ISRAEL 10% 16.7% 20% 58% 15.5% SOCAR Trans Anatolian Pipeline (TANAP) LUKoil ENAGAS JORDAN Trans Adriatic Pipeline (TAP) SOCAR EGYPT LIBYA SNAM SOUTHERN N GAS AS Petronas CORRIDOR CJ CO CJSC C Interconnector Greece Bulgaria (IGB) & & SOCAR Turk urkey
Gas Sale Gas ales Agreements ts Gas sales to EU buyers signed in 2013: Gas sales to BOTAS Axpo, GDF Suez, Gas Natural, E.ON, Shell Stage 2 sales signed in 2011 Hera, ENEL, Bulgargaz, DEPA Complementing current Stage 1 sales Gas sales volumes (bcma) Shah Deniz Field South Caucasus Pipeline Expansion (SCPX ) Trans Anatolian Pipeline (TANAP) Trans Adriatic Pipeline (TAP) ACQ: Annual Contract Quantity
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