BP to continue advance boring within Chirag oil project
Azerbaijan, Baku, Aug.10 / Trend, E.Ismayilov /
BP Company within the Chirag oil project (increasing oil production on the offshore block of the Azeri-Chirag-Guneshli (ACG) fields) in the second quarter of this year plans to continue operations on the advance drilling with previously installed bottom plate, the BP's report says. The Dede Gorgud Rig will perform the drilling.
Works on installing the bottom plate was completed June 21. It is designed for drilling 12 wells.
According to the report, works on drilling the first advanced well J-01 began in the second quarter. Also drilling of geotechnical wells has been already completed.
Conclusion of major contracts for transportation and installation (third quarter), for services to cover underwater pipelines (third quarter), putting pipelines and provision of diving services (third quarter) are scheduled for the second half of 2010 within the project. It is scheduled to install reference block (fourth quarter) and delivery of the first large-scale equipment to Baku (fourth quarter) in 2010.
Chirag oil project envisages construction of a new platform "West Chirag", to be installed at a depth of 170 meters between existing production platforms "Chirag" and "Guneshli".
The estimated investments in the project hit $6 billion.
The expected daily volume of Azeri Light oil from the new platform, to be built within increase of oil production, will be 183,000 barrels. The expected daily volume of oil from the new platform will exceed 6.5 million cubic meters. The estimated daily volume of gas injection into the platform layer will be 2.3 million cubic meters.
Advance boring within the project will cover the second half of 2010 - the first half of 2012. The project is expected to get oil in 2013.
Some 300 million barrels of crude oil is planned to be produced within implementation of the project.
Shareholders of the Azeri-Chirag-Guneshli development project are: BP (operator - 34.1%), Chevron (10.2%), SOCAR (10%), INPEX (10%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), ITOCHU (3.9%), Hess (2.7%).