BAKU: Azerbaijan’s oil and condensate output fell 2.8 percent in the first half of 2014, a source at the State Statistics Committee said, driven by declines at fields operated by BP.
Falling output at the main Azeri, Chirag and Guneshli (ACG) oilfields had previously raised concerns in Baku. BP and its partner SOCAR said last year that output from the fields — the biggest oil production project in Azerbaijan and one of the largest globally for the UK oil major — had stabilised.
The oil and condensate output was 21.2m tonnes in the first six months compared with 21.8m in the same period of 2013, the source said. BP said earlier this year oil production at ACG might be slightly lower than in 2013 as the company planned maintenance work at the Central Azeri and West Azeri platforms. Reuters
