Baku, Azerbaijan, Jan. 29
By Emil Ismayilov - Trend:
BP, project operator for the development of the Azeri-Chirag-Guneshli offshore fields' block, announced the start of oil production in the fifth well at the West Chirag platform, head of BP Azerbaijan Gordon Birrell said at a briefing on Jan.29.
Oil production started in completely safe conditions," Birrell said.
On behalf of the company Birrel congratulated the leadership of the republic, SOCAR (State Oil Company of Azerbaijan) and all involved parties in the project.
"In total, the company has built eight platforms in the Caspian Sea," head of BP Azerbaijan said.
Some 2.3 billion barrels of oil have been produced so far at ACG, Birrell stressed.
The contract for development of Azeri-Chirag-Guneshli large offshore field was signed in 1994. Shares are distributed as follows: BP (operator in Azeri-Chirag-Guneshli) - 35.78 per cent, Chevron - 11.27 per cent, Inpex - 10.96 per cent, AzACG - 11.65 per cent, Statoil - 8.56 per cent, Exxon - 8 per cent, TPAO - 6.75 per cent, Itochu - 4.3 per cent and ONGC - 2.72 per cent.
Translated by M.L.
Edited by C.N.