Large-scale preventive work under completion on ACG fields in Azerbaijandays
Azerbaijan, Baku, July 25 / Trend, S.Aliyev /
BP, operator of development of the Azeri-Chirag-Guneshli offshore fields, completes geological and technical measures in wells on the Chirag platform, because of which oil production from the platform was fully suspended from July 10, BP Azerbaijan said on Monday.
Studies in wells and replacement of equipment on the platform will be completed within next two , after which the platform will be again commissioned, the company said.
Before suspending production its volume hit about 90,000 barrels per day.
After completing work on the Chirag platform the similar work will be conducted on the platforms installed on the Azeri field (four platforms). The work will also take two weeks.
As a result of the long-term stopping, as well as repair work in wells during this year it is supposed that the total volume of oil production in Azerbaijan will reduce from the forecasted over 52 million tons to approximately four million tons.
A contract on the development of the fields was signed in 1994.
At present, the participation share of the operator BP in Azeri-Chirag-Guneshli is 35.83 percent, Chevron - 11.27 percent, Inpex - 10.96 percent, AzACG - 11.16 percent, Statoil - 8.56 percent, Exxon - 8 percent, TPAO - 6.75 percent, Itocu - 4.3 percent, and Hess - 2.72
Last year, Azeri-Chirag-Guneshli produced 40.6 million tons of oil compared to over 40.3 million tons in 2009. Production of oil from this block in 2010 averaged 823,100 barrels per day.