Baku:The Azeri-Chirag-Gunashli (ACG) field, a crucial asset for Azerbaijan and globally, is set to see an increase in its oil recovery factor, with a target of over 40%, according to SOCAR Vice President Babek Huseynov. The field has already produced billions of barrels of oil, with significant recoverable reserves still remaining.

According to Azeri-Press news agency, Huseynov highlighted that the ACG field is among the world's most advanced oil and gas assets, where factors such as permeability, porosity, and size are critical for evaluation. Despite the field reaching its peak production and entering a natural decline phase, efforts are underway to maximize its value.

SOCAR, in collaboration with BP, is focusing on determining the ultimate oil recovery factor for the field. Through discussions and analyses of the oil's quality and infrastructure, they have settled on a recovery factor exceeding 40%. Achieving such a high recovery rate is considered exceptional by global standards. To support this goal, extensive seismic surveys are being conducted in the subsurface formations.