New wells commissioned on Central Azeri field in Azerbaijan

Oil&Gas Materials 27 February 2009 17:26 (UTC +04:00)

Azerbaijan, Baku, Feb. 27 / Trend , E.Ismayilov/

The number of operating wells on the Azerbaijani offshore Central Azeri field has hit eight. Production on the field was stopped earlier because of gas emissions, a source said on Feb. 27.

"Earlier five wells were re-launched. Today, the number of operating wells is eight," said the source.

Average daily oil production on the wells is roughly 160,000 barrels.

BP - operator of the Azeri-Chirag-Gunashli (ACG) - halted oil production at the Central Azeri field on Sep. 17, 2008, and evacuated staff from the platform in connection with gas emissions into the sea.

Oil production on the ACG tops 700,000 barrels per day compared to roughly 900,000 barrels before the halt.

The ACG produces the Azeri Light oil. The oil is exported via the Baku-Tbilisi-Ceyhan pipeline.

The sides to the production sharing agreement on the Azeri-Chirag-Gunashli fields are BP (operator- 34.14%), ChevronTexaco (10.2%), SOCAR (10%), INPEX (10%), Statoil Hydro (8.56%), ExxonMobil (8.01%), TPAO (6.75%), Devon (5.63%), Itochu (3.92%) and Delta Hess (2.72%). Required investments total $20 billion.

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