Exploration and Production
Through our subsidiary Chevron Khazar, Ltd., Chevron has an 11.3 percent nonoperated interest in the Azerbaijan International Operating Company (AIOC) and the crude oil production from the Azeri-Chirag-Gunashli (ACG) fields. Oil production at the field began in 1997 and has been developed in phases. In 2012, average net daily production was 26,000 barrels of crude oil and 10 million cubic feet of natural gas.
A majority of the ACG oil makes its way to market via the Baku-Tbilisi-Ceyhan (BTC) Pipeline, which runs from Baku, Azerbaijan, through Georgia to deepwater port facilities at Ceyhan, Turkey, on the Mediterranean Sea. The AIOC also relies on its Western Route Export Pipeline (WREP) to transport its production.
We support the joint venture with technical expertise in areas such as reservoir management, well completions, pipeline construction and subsea facilities.
Azerbaijan has a long history of oil production. The nation had its first production peak in the mid-1940s, then experienced a dramatic decline after World War II. Continued production from the ACG project and the development of new fields in the Caspian Sea have revived Azerbaijan's position as a major oil-producing nation.
In 2012, work continued on the $6 billion ACG Chirag Oil Project. The project is designed to further develop the deepwater Gunashli Field and includes a new 48-slot platform. Total daily production is planned to increase incrementally and is expected to reach 103,000 barrels of oil-equivalent. Production is scheduled to begin in late 2013.
Pipelines
Chevron has an 8.9 percent interest in the BTC Pipeline affiliate, which transports the majority of ACG production from Baku, Azerbaijan, through Georgia to the Mediterranean deepwater port of Ceyhan, Turkey.
AIOC production is exported primarily via the BTC Pipeline and the WREP, which is wholly owned and operated by the AIOC. The 1,099-mile (1,768-km) BTC Pipeline has a capacity of 1.2 million barrels per day. The WREP runs 515 miles (829 km) from Baku, Azerbaijan, to the terminal at Supsa, Georgia, on the Black Sea, and has a capacity of 100,000 barrels per day.
Marketing and Retail
Texaco® lubricants are available in Azerbaijan through our authorized distributor.
Updated: April 2013
Cautionary Statement