Azerbaijan, Baku, June 3 / Trend , E.Ismaylov /
Nearly 200,000 barrels of oil per day are planned to be produced within two phases of the project on increasing oil production at block of Azeri-Chirag-Guneshli (ACG) fields, said the senior official of SOCAR (State Oil Company of Azerbaijan).
"In the first phase, there are plans to daily produce additional 100,000 barrels of oil, while the second stage will be able to increase production by 100,000 barrels more per day," said the representative of SOCAR.
The representative of SOCAR said that according to the initial forecasts, there are plans to spend about $10 billion on the realization of the two phases of the project. The project includes installation of two platforms.
Construction of a new platform within the Chirag oil project (COP), which envisages increasing oil production at the block of Azeri-Chirag-Guneshli (ACG) fields, is scheduled to begin in late 2010 - early 2011. The project is expected to get oil in 2013.
At present, the American KBR company is designing the COP. The American company will design new platform to be installed in the ACG. KBR has designed all previous phases of the development of the Azeri-Chiraq-Gunashli fields.
It is reckoned that the new Chirag Oil Project (COP) will add more than 300 million barrels of crude oil to the pipeline during the Azeri-Chirag-Gunashli (ACG) Production Sharing Agreement (PSA) period.
The COP will consist of a new 48-slot drilling. The new platform design will be based on the previous successful platforms at ACG. It will be constructed based on the model of East Azeri platform.
The project will use existing infrastructure such as the offshore 30-inch oil export lines and 28-inch gas export lines plus the processing equipment at Sangachal.
The oil reserves of the project are estimated at 331 million barrels. As many as 28 producing wells and 17 pressure wells will be drilled from a new platform. The construction of the new platform is expected to end in 2013. The oil production will be launched in Q3 of 2013.
Advance boring is performed with Dada Gorgud floating drilling unit to speed up realization of the project.
Installation of new platforms in the ACG is important for the development of the Balakhany Svita. Two more platforms must be constructed for this purpose. One of the platforms will cover Chiraq and Deep-Water Gunashli and second - West, East and Central Azeri.
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