Azerbaijan is one of Statoil’s largest and longest-standing international commitments. We’ve been operating here since 1992 and are one of the largest foreign investors.

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A long-standing commitment

Since 1992 Statoil has been a partner in Azerbaijan’s industrial and economic transition. Together with the national oil company SOCAR and other international companies, we have worked both industrially and socially to build Azerbaijan’s burgeoning oil and gas market to realise its full potential.

Today Statoil has an interest in the Azeri-Chirag-Gunashli (ACG) oil field, as well as the Baku-Tbilisi-Ceyhan (BTC) pipeline—which runs from the Azerbaijan capital of Baku to the south Turkish port of Ceyhan on the Mediterranean.

Statoil and its international partners formed the Regional Sustainable Development programme which consists of the Community Investment Programme / Future Communities Programme and the Regional Development Initiative. Collectively these programmes ensure Statoil and its partners are responsible organisations that foster development and community empowerment near operations. In addition, Statoil, in partnership with the Norwegian government, has supported the Azerbaijani government to establish an oil fund based on the Norwegian model, as well as driven technical development of Azerbaijanis through collaborations with SOCAR and students. 

Operations in Azerbaijan

Infographics about Statoil in Azerbaijan

Statoil has an 8.56% interest in the Azeri-Chirag-Gunashli (ACG) oil field, which is operated by BP. In September 1994 a 30-year production-sharing agreement (PSA) was signed for the ACG field in Azerbaijan’s sector of the Caspian between Azerbaijan International Operating Company (AIOC) and the State Oil Company of the Azerbaijan Republic (SOCAR).

The ACG field is located 100 kilometres east of Baku in water depths ranging from 125-180 metres. It was discovered in the early 1980s and shallow water Gunashli was developed by SOCAR through several platforms. Production started in 1985. BP currently estimates total recoverable reserves in ACG over the PSA period (1994-2024) at 4.67 billion barrels of oil, with around 2.1 billion barrels being produced by the end of 2015. Early oil production began in November 1997 from the existing upgraded Chirag-1 platform.    

Partnerships for the future

As part of the Regional Sustainable Development programme, the Community Investment Programme (CIP) was initiated primarily to manage stakeholder involvement and impacts during the construction of the two pipelines, and to create sustainable social and economic development in the local communities along the pipeline routes in Azerbaijan, Georgia and Turkey.

In cooperation with local and international non-governmental organisations, the CIP has implemented programmes to create jobs, ensure wider access to improved social infrastructure such as schools and hospitals, and strengthen farming. 

Nurturing the next generation

Statoil is committed to fostering the next generation of Azerbaijani talent in science and technology. In order to improve educational opportunities and experience transfer relevant to the oil industry, we are also supporting a partnership between the State Oil Academy of Azerbaijan and the Norwegian University of Science and Technology (NTNU), facilitated by the United Nations Development Programme (UNDP). We are also cooperating with Khazar University and the Diplomatic Academy of Azerbaijan.

Find out about Statoil’s co-sponsorship of the third Student Scientific and Technical Conference at Baku Higher Oil School below.