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BP is the largest foreign investor in Azerbaijan and its proud partner in bringing new sources of hydrocarbons, technology, growth, and opportunity to this country. In Azerbaijan, BP is the operator of two offshore oil and gas exploration and production projects in the Caspian Sea, and operates three major oil and gas export pipelines. BP also has a license to develop the Alov offshore field. In 2009, BP signed the Memorandum of Understanding with the State Oil Company of the Azerbaijan Republic (SOCAR) to jointly explore and develop the Shafag and Asiman structures in the Azerbaijan sector of the Caspian Sea.

After the so-called "Contract of the Century" opened the Azeri-Chirag-Gunashli (ACG) field for development in 1994, the BP-led consortium successfully brought production on stream from all three reservoirs. In 2009, oil production from the entire field reached more than 800,000 barrels per day.

The world-class Shah Deniz gas condensate field was discovered in 1999 and production from it started in late 2006. The natural gas from the field already flows to Azerbaijan, Georgia and Turkey via the South Caucasus Pipeline (SCP).

In 2007, BP discovered a new major high pressure reservoir below the currently produced area in the Shah Deniz field, underpinning the commencement of the second phase of Shah Deniz development. With the successful execution of the second phase of Shah Deniz development Azerbaijan can become a significant gas supplier to the world markets.

Most of the oil and gas produced in these fields are exported through the BP-operated Baku-Tbilisi-Ceyhan (BTC) and the SCP pipelines. Following the start up of BTC export operations in 2006, the pipeline's throughput capacity steadily increased, reaching one million barrels of oil per day in mid-2008. In March 2009, BP commissioned the expansion of the BTC throughput capacity to 1.2 million barrels per day. BP also operates the Baku-Supsa pipeline as part of the ACG project.

The SCP was completed and fully commissioned in 2006 and began transporting gas from Shah Deniz Stage 1 to Azerbaijan and Georgia, and was later tied in with the Turkish pipeline system at the Georgian-Turkish border. The first gas started to flow to Turkey in July 2007.

January 25, 2011 marked another memorable day in BP Azerbaijan's Azeri field's production history. Since start up in 2005, one billion barrels of oil have now been produced from the Azeri platforms.

Company website: www.bp.com/caspian

January 25, 2011 marked another memorable day in BP Azerbaijan's Azeri field’s production history. Since start up in 2005, one billion barrels of oil have now been produced from the Azeri platforms
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