Forecast: ACG production to decrease in 2014

16:15 - 8.12.2023

December 8, Fineko/ It is predicted that crude oil production from Azeri-Chirag-Guneshli (ACG) block of fields will reach 125.9 million barrels next year.

ABC.AZ reports that according to Accounts Chamber’s conclusion on SOFAZ Draft Budget 2024, because of a drop in production by 7.7 million barrels or 5.76% less versus the forecast figure of 2023.

The figure for this year is projected at 133.6 million barrels.

If we look at the forecast indicators of recent years for ACG, there was decrease of about 106.1 million barrels, or 45.7%, between the production forecast for 2015 and the production forecast for 2024.


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