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17.08.2016 14:13

Oil production volume at Azerbaijans largest field revealed

The Azeri-Chirag-Gunashli field produced its three billionth barrel of oil since the start of production from the Chirag platform in 1997.

The Azeri-Chirag-Gunashli field produced its three billionth barrel of oil since the start of production from the Chirag platform in 1997, BP Azerbaijan company said in a message Aug. 16.

This is a significant milestone for both BP and for Azerbaijan, says Gordon Birrell, BP regional president for Azerbaijan-Georgia-Turkey, Trend writes.

ACG is a complex of six production platforms: Chirag-1, Central Azeri, West Azeri, East Azeri, Deepwater Gunashli, West Chirag; and two process, gas compression, water injection and utilities (PCWU) platforms, equipped with latest technologies.

The ACG field has been developed in several phases: The Chirag platform started producing in 1997 as part of the Early Oil Project, said the message. This was followed by Phase 1, the Azeri Project, during which production started from the Central Azeri platform in early 2005. Phase 2 included West Azeri and East Azeri, starting production in December 2005 and in late 2006 respectively. The next ACG development phase - Phase 3 Deepwater Gunashli - started up in April 2008.

First oil from the platform was achieved January 28, 2014.

BP is the operator of Azerbaijans Azeri-Chirag-Guneshli (ACG) block of oil and gas fields. Its share in the project is 35.78 percent. The geological oil reserve of ACG exceeds 2 billion tons, of which over 1 billion tons are recoverable reserves.

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