BP’s Caspian Terminal Exported Less Oil in 2012 as Output Fell

BP Plc’s Sangachal terminal south of the Azeri capital of Baku exported less crude oil in 2012 as output from the country’s largest deposit fell a second year.

The terminal shipped almost 282.9 million barrels of oil in 2012, down 3 percent, according to data e-mailed today by the BP office in Baku. Of the total, 246.4 million barrels were shipped through the Baku-Tbilisi-Ceyhan link and 29.1 million via the Western Route Export Pipeline. Both are operated by BP.

Sangachal also shipped on average 21.1 million cubic meters of gas a day, up from 18.2 million, according to the BP data.

The terminal’s processing capacity is 1.2 million barrels of oil and 25.5 million cubic meters of gas a day, BP says.

The BP-led Azeri-Chirag-Guneshli field in Azerbaijan’s section of the Caspian Sea cut production 7 percent last year to 32.9 million tons, the data showed. The Shah Deniz phase-one gas project, also operated by BP, raised output 16 percent to 7.73 billion cubic meters.