(MENAFN- AzerNews)
By Ayya Lmahamad
The total production of Azerbaijan's Azeri-Chirag-Guneshli (ACG)
block of fields has amounted to 77 million barrels during the first
half of 2022, Azernews reports per bp Azerbaijan.
In January-June, the total production on the block of fields
amounted to 424,000 barrels per day. Of this, the Chirag field
accounted for 25,000 b/d, Central Azeri for 108,000 b/d, West Azeri
for 109,000 b/d, East Azeri for 62,000 b/d, Deepwater Gunashli for
78,000 b/d and West Chirag for 42,000 b/d.
At the end of the six months, 136 wells were producing oil,
while 37 wells were used for water and eight for gas injection. In
addition, ACG completed eight oil production wells.
During the reporting period, ACG delivered 2 billion cubic
meters, or an average of 9 million cubic meters per day of
ACG-associated gas to the state of Azerbaijan, primarily at the
Sangachal Terminal, and to SOCAR's Oil Rocks facility. The
remaining associated gas produced was re-injected for reservoir
pressure maintenance.
The company spent about $229 million in operating expenditure
and $791 million in capital expenditure on the ACG activities.
As part of the ACG annual work program, a planned maintenance
program (turnaround - TAR) was successfully implemented on the East
Azeri platform in the second quarter. In accordance with the plan,
production from the East Azeri platform was suspended for about 15
days to enable maintenance, inspection and project work to be
undertaken efficiently. The program, which was designed to maintain
the long-term ability of the platform to produce in a safe,
reliable and environmentally sound way, was completed safely and on
schedule.
The Chirag Gas Lift Project (CGLP) was also completed safely and
within budget in the second quarter of 2022.
Additionally, the Azeri Central East (ACE) project progressed
according to the plan along with the other bp-operated activities.
At the end of the second quarter of 2022, the ACE project reached
the 75 percent progress
milestone.
BP opened its first office in Baku in June 1992 and has since
then contributed to Azerbaijan's oil and gas sector through
operating projects such as Azeri-Chirag-Gunashli (ACG), Shah Deniz,
Baku-Tbilisi-Ceyhan (BTC), and South Caucasus Pipeline (SCP).
The contract for the development of the ACG oil fields was
signed on September 20, 1994, and took force in December. The
contract for the development of the ACG block was extended to 2050
in September 2017.
The shareholders in the ACG project are BP (operator, 30.37
percent), SOCAR (25 percent), MOL (9.57 percent), INPEX (9.31
percent), Equinor (7.27 percent), ExxonMobil (6.79 percent), TPAO
(5.73 percent), ITOCHU (3.65 percent), ONGC Videsh Limited (OVL)
(2.31 percent).
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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