New Market Study, "Azerbaijan Oil & Gas Report Q1 2014", Has Been Published
While stabilisation of the ACG field and new volumes from the Chirag Oil Project should support production that has proven disappointing over recent years, the long term outlook for the liquids is bearish. Although there is upside from liquids volumes extracted alongside gas, with a number of sizable potentially condensate rich deposits identified in the Caspian, we have not yet priced such developments into our current forecast. This stems from a slow and uncertain development schedule, with a shortage of...
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