Country Report
Azerbaijan upstream summary
From
$3,400.00
You can pay by card or invoice
Report summary
Upstream industry dominated by two offshore megaprojects - The BP-operated Azeri Chirag Guneshli (ACG) oil field and Shah Deniz gas-condensate field account for the majority of production and investment.ACG focus: stabilising production, with PSC extension confirmed - The six-billion-barrel ACG oil field peaked at 823,000 b/d in 2010, with output since declining to about 600,000 b/d. In 2016, BP and partners signed a Letter of Intent to extend PSC expiry from 2024 to end-2049. Terms were ...
What's included
This report contains
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Key projects
- Other projects
-
Geology
- Introduction
-
South Caspian basin
- Structural (tectonic) elements
- Absheron province
- Gobustan province
- Lower Kura province and Baku Archipelago
- South Caspian deepwater basin
- Stratigraphy
- Reservoirs and source rocks
- North Caucasus-Mangyshlak basin
-
Exploration
- Licensing
-
Licensing and IOC activity
- Licensing since 1991
- 1991
- 1992
- 1993
- 1994
- 1995
- 1996
- 1997
- 1998
- 1999
- 2000
- 2001
- 2002
- 2003
- 2004
- 2005
- 2006
- 2007
- 2008
- 2009
- 2010
- 2011
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
-
Drilling
- Drilling activity
- SOCAR
- Future drilling plans
-
Offshore IOC activity
- Offshore PSC drilling commitments
- Offshore drilling challenges
-
Active IOC exploration licences (offshore)
- Absheron (Deep Water)
- Bahar 2
- Dan Ulduzu-Ashrafi
- Shafag Asiman
- Shallow Water Absheron Peninsula (SWAP)
-
Potential IOC exploration licences (offshore)
- D230
-
Other IOC exploration licences (offshore)
- Alov
- Lerik
- Semi-submersible rigs
-
Jack-up rig
- Saturn (formerly Trident 20 / Gurtulush)
- IOC exploration licences (onshore)
-
Reserves and resources
-
Oil and gas reserve classification
- Azerbaijani reserve classification system
- Azerbaijani gas reserves
- Wood Mackenzie methodology
- Commercial reserves by basin
- Technical reserves by basin
-
Commercial reserves by sector
- Onshore
- Offshore
- Commercial reserves by asset
-
Oil and gas reserve classification
- Production
-
Infrastructure
-
Introduction
- Overview
- Oil infrastructure
- Oil transit
- Gas infrastructure
- Oil infrastructure
-
International pipelines
- Baku-Tbilisi-Ceyhan (BTC) pipeline
- Northern Route Export Pipeline (to Novorossiisk, Russia)
- Western Route Export Pipeline (Baku-Supsa)
-
Transit of Central Asian crude (via BTC)
- Turkmenistan (current)
- Kazakhstan (previous) - Tengizchevroil (TCO)
- Kazakhstan (potential) - Kashagan Contract Area
-
Ports and terminals
- Dubendi (Baku port)
- Sangachal
- Storage facilities
-
Rail infrastructure
- Baku-Tbilisi-Kars railway
- Refineries
- Gas infrastructure
-
International pipelines
- Southern Gas Corridor
- Legacy pipelines to/from Iran
- Legacy pipelines to Georgia
- Legacy pipeline to/from Russia
- Legacy pipelines via Armenia (inactive)
-
Proposed gas pipelines
- Trans-Caspian Gas Pipeline (TCP)
- Azerbaijan-Iran
- Turkey-Nakhchivan
-
Gas processing / gas-feed facilities
- Existing facilities
- Future facilities
- Underground gas storage (UGS)
-
Introduction
-
Costs
- Introduction
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Policy and regulation
-
Key legislation
- Subsoil Law (February 1998)
- Energy Law (November 1998)
- Energy Resources Law (May 1996)
- Foreign Investment Law (January 1992)
-
Other legislation
- Law on Gas Supply (May 1998)
- Presidential Decree No. 150 (December 2004) and Internal Regulation of the Ministry of Industry and Energy of the Azerbaijan Republic (May 2006)
- Law on oil and gas export activities
-
Regulatory body
- Gas regulation
- New Customs Code
- State Oil Fund (SOFAZ)
-
State oil company
- Southern Gas Corridor Company (SGC)
- State participation
- International boundaries
-
Legal status of the Caspian Sea
- Overview
- North Caspian Sea
- South Caspian Sea
- Licensing
-
Key legislation
-
Fiscal terms
- Overview
- Upstream
- Midstream / downstream
- Current fiscal terms
-
Production Sharing Contracts (PSCs)
- State equity
- Bonuses, rentals and fees
- Indirect taxes
- Royalty and other production taxes
- Local market oil obligation (LMO)
- Cost recovery
- Profit sharing
- Contractor revenue entitlement
- Product pricing
- Corporate (or petroleum) income tax (CIT)
- Additional profit taxes
- Fiscal/Contractual ring fences
- Dividend withholding tax
-
Risk Service Agreement (RSA)
- Sample Cash Flow
- Marginal government take calculation
-
Historical background
- Joint Venture contracts (JVs)
- PSCs
Tables and charts
This report includes 60 images and tables including:
Tables
- Key facts: Table 1
- Reserves and resources: Table 2
- Reserves and resources: Table 3
- Reserves and resources: Table 4
- Infrastructure: Table 1
- Infrastructure: Table 2
- Infrastructure: Table 3
- Exploration: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Production: Table 3
- Production: Table 4
- Production: Table 5
- Production: Table 6
- Production: Table 7
- Production: Table 8
- Production: Table 9
- Production: Table 10
- Production: Table 11
- Production: Table 12
- Infrastructure: Table 4
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
- GEM models
Images
- Liquids production by field
- Gas production by key fields
- Location maps: Image 1
- Remaining Commercial and Technical Reserves at 01/01/2018
- Liquids and Gas Production 2017
- Azerbaijan: sedimentary basins and geological trends
- Simplified tertiary stratigraphy
- Absheron province: Productive Sequence litho-stratigraphic units
- Middle and Upper Productive Sequence: local stratigraphic nomenclature
- Remaining and produced commercial reserves at 01/01/2018 (p+p)
- South Caspian basin: tectonic elements
- Block awards and relinquishments
- Active licences: exploration and production
- Commercial liquid reserves by region at 01/01/2018 (p+p)
- Commercial gas reserves by region at 01/01/2018 (p+p)
- Liquids production by sector
- Liquids production by basin
- Liquids production by field
- Gas production by sector
- Gas production by basin
- Gas production by key fields
- Azerbaijan: oil infrastructure
- Azerbaijan: rail network
- Azerbaijan: gas infrastructure
- Map of agreed Russia-Kazakh line and Azerbaijan proposed area
- Map of agreed Russia-Kazakh line and Turkmenistan proposed area
You may be interested in
Country Report
Azerbaijan upstream summary slides
Country Report
Azerbaijan upstream fiscal summary
Country Report
Kazakhstan upstream summary slides
Questions about this report?
-
Europe:+44 131 243 4400
-
Americas:+1 713 470 1600
-
Asia Pacific:+65 6518 0800