Oldest platform on ACG block in Azerbaijan shows stable production rates

Baku, Azerbaijan, July 5

By Kamalya Mammadli - Trend:

In 2018, production at the Azeri-Chirag-Gunashli (ACG) block of oil fields in Azerbaijan, operated by BP, amounted to 213.3 million barrels, Trend reports with reference to the BP in Azerbaijan Sustainability Report for 2018.

This is 1.3 million barrels less than in 2017, according to the report. The decline in production has been observed over the past five years, due to natural geological reasons.

Oil production is carried out from six production platforms - Chirag, Central Azeri, West Azeri, East Azeri, Deepwater Gunashli and West Chirag.

The most productive of them is the Central Azeri platform. Over the past five years, oil production there amounted to 272.2 million barrels. Moreover, production remained stable at the same level. On average, from 2014 to 2018, the annual level has been within 50-57.1 million barrels.

Over the past five years, 232 million barrels of oil have been produced on the Deepwater Gunashli platform. But since 2014, there has been an annual decline in production from 53.3 million barrels of oil in 2014 to 38.2 million barrels in 2018.

West Azeri platform ranks third in terms of productivity, with a figure of 227.7 million barrels over the past five years. Moreover, after significant drop in production level in 2015, an increase is observed. The production increased from 41.8 million barrels in 2016 to 45.9 million barrels in 2018.

Over the past five years, oil production at the West Chirag platform amounted to 151.1 million barrels. Although from 2014 to 2016 there was an increase in oil production (18.3, 29.9 and 43.9 million barrels, respectively), from 2017 the production began to decline again (28.3 and 20.7 million barrels).

The East Azeri platform demonstrates production growth from 26.3 million barrels in 2016 to 29.9 million barrels in 2017 and 35.4 million barrels in 2018. In just five years, 144.7 million barrels of oil were produced from it.

The oldest platform on the ACG, Chirag-1, which was launched in 1997, has produced 95 million barrels of oil over the past five years. Moreover, the production remains stable, showing a small annual decline. In 2018, the platform produced 16.9 million barrels of oil, in 2017 - 18.5 million, in 2016 - 19.7 million, in 2015 - 17.3 million, and in 2014 - 22.6 million barrels of oil.

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