Overview of Oil and Gas Fields in Azerbaijan

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Azerbaijan's largest hydrocarbon basins are located offshore in the Caspian Sea, particularly the Azeri-Chirag-Guneshli (ACG) field, which accounted for nearly 80 percent of Azerbaijan's total oil output in 2010.[1] The Shah Deniz gas field, in turn, is one of the largest gas-condensate fields in the world, located on the deep water shelf of the Caspian Sea, 70 kilometres (km) south-east of Baku.[2]

Production Sharing Agreements (PSAs) for Production signed with Azerbaijan

Field Date signed Operator Project manager
Shah Deniz 1996 BP Exploration BP
Kyursengi and Garabagly 1998 Salyan Oil CNPC
Kelametdin and Mishovdag 2000 Karasu Operating Co. Nations Energy
South West Gobustan 1998 Gobustan Operating Co. CNPC
Padar 1999 Kura Valley Co. Nations Energy
Pirsaat 2003 AzShengli Operating Co. Shengli Oil
Binagadi Block 2004 Binagadi Oil Operating Co. AZEN Oil
Garachukhur Block 2004 Garachukhur Oil Operating Co. Noble Sky
Surakhani Block 2004 Surakhani Oil Operating Co RAFI Oil
Zykh and Govsany 2005 Absheron Operating Co. RussNeft

Production Sharing Agreements (PSAs) for Exploration signed with Azerbaijan

Field Date signed Operator Project manager
D-222 1997 LUKARCO Operating Co. Lukoil
Inam 1998 BP Exploration BP


  1. AzerbaijanEIA, 9 January 2012.
  2. Shah DenizBP Caspian, retrieved 29 August 2012.
  3. 3.0 3.1 How to scrutinise a Production Sharing AgreementSoros Foundation Kazakhstan, 2012.