Azeri-Chirag-Gunashli produced about 8 million tonnes of oil per day

Baku: Aqsin Rafiqoglu; During the first quarter of 2014 about $216 million in operating expenditure and $692 million in capital expenditure was spent on Azeri-Chirag-Gunashli activities.

BP-Azerbaijan told APA-Economics that during the first quarter ACG marked a major milestone by starting production from the Chirag Oil Project (COP). First Oil from the West Chirag platform was achieved on 28 January from one of the pre-drilled wells – J05. Since that time West Chirag production has been increasing to its current level of over 40,000 barrels per day from three wells. Production will continue to increase through 2014 as the other pre-drilled wells are brought on line.

Total ACG production during the first quarter was on average 645,800 barrels per day (b/d) (58 million barrels or about 8 million tonnes in total) from the Chirag, Central Azeri, West Azeri, East Azeri, Deepwater Gunashli and West Chirag platforms.

At the end of the quarter, a total of 79 oil wells were producing, while 35 wells were used for injection in the ACG field.

ACG participating interests are: BP (operator – 35.8 per cent), SOCAR (11.6 per cent), Chevron (11.3 per cent), INPEX (11 per cent), Statoil (8.6 per cent), ExxonMobil (8 per cent), TPAO (6.8 per cent), ITOCHU (4.3 per cent), ONGC Videsh Limited (OVL) (2.7 per cent).

SOURCE: AZERI PRESS NEWS AGENCY

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