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“ACG 30th anniversary in facts”
  • From the start of production in November 1997 till the end of 2Q 2024, ACG produced about 593 million tonnes (about 4.4 billion barrels) of oil. 
  • More than 4.3 billion barrels of ACG oil have been exported to world markets via the Baku-Tbilisi-Ceyhan pipeline.
  • Since 2006, 5,707 tankers loaded with ACG oil have been lifted from the Ceyhan terminal.
  • About 57 billion cubic meters of associated gas were delivered to Azerbaijan since the start of production till the end of 2Q 2024. 
  • Capital expenditure in the ACG project by the end of 2Q 2024 was $45 billion.
  • On 14 September 2017, the ACG PSA was extended until end of 2049.
  • Following PSA extension, ACG’s $6-billion next development project – Azeri Central East (ACE) was sanctioned on 19 April 2019, and on 16 April 2024 first oil was safely delivered from ACE.
  • As part of the ACG project – one platform (Chirag 1) was renovated and eight new platforms were built, one of the largest oil and gas storage and processing terminals of the world was constructed, a sophisticated web of subsea pipelines was laid at the bottom of the Caspian Sea. 
  • At the end of the 2Q of 2024, 144 oil wells were producing, while 45 wells were used for water and eight for gas injection.
  • ACG has an excellent safety record and, as an environmentally sound project, has conducted around 160 Environmental Impact Assessments and 280 offshore, onshore and near-shore monitoring surveys.