Baku, Azerbaijan, May 27
By Maksim Tsurkov - Trend:
BP company carries out work on drilling a sidetrack of a new well on the Azeri-Chirag-Guneshli (ACG) block of offshore fields in the Azerbaijani sector of the Caspian Sea, a source on the oil and gas market of Azerbaijan told Trend May 27.
The need for sidetracking arose due to the small leakage of cement mortar into the rock, according to the source.
"Mud engineers noticed the leak in time and eliminated its consequences, however, it was necessary to drill a sidetrack of well J04," said the source. "The project depth of the well is approximately 6,700 meters. When the sidetrack drilling is complete, work will continue as planned."
Drilling was carried out from the platform West Chirag within the framework of Chirag oil project, which implies an increase in oil production on the ACG block.
Chirag oil project involves an investment of $6 billion.
In total, it is expected to produce more than 300 million barrels of oil within the framework of the project (until the end of the contract on ACG in 2024).
In the first quarter of 2015, the British BP and partners have produced 8 million metric tons of oil (59 million barrels) on the Azeri-Chirag-Guneshli (ACG) block of Azeri oil and gas fields, which was similar to volume produced in the first quarter of 2014.
Average daily oil production at ACG block of fields for the period amounted to 661,000 barrels. At the same time, average oil production on the West Chirag platform amounted to 99,000 barrels. This figure is expected to reach 116,000 barrels.
The contract for development of ACG field was signed in 1994.
The shareholders of the project are: BP (operator in the Azeri-Chirag-Guneshli) - 35.78 percent, Chevron - 11.27 percent, Inpex - 10.96 percent, AzACG - 11.65 percent, Statoil - 8.56 percent, Exxon - 8 percent, TPAO - 6.75 percent, Itocu - 4.3 percent and ONGC - 2.72 percent.
Edited by CN
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