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Construction to be completed within Chirag oil project in 2012

Oil&Gas Materials 3 December 2011 16:23 (UTC +04:00)

Azerbaijan, Baku, Dec. 3 / Trend E. Ismailov /

Amec-Tekfen-Azfen (ATA) will deliver topsides and drilling equipment for the new platform within the Chirag oil project (an increase in oil production in the block of fields "Azeri-Chirag-Guneshli") in the second and third quarters of 2013, a source on the oil and gas market told Trend on Friday.

He said that the construction and installation of the topsides and drilling equipment will be completed by late 2012.

"The test work will be conducted till March 2012," a source said. "All equipment will be sent to to the sea in the second and third quarters."

He said that the basic elements of the topsides have already been assembled.

The Chirag Oil Project assumes construction of new oilfield platform Western Chirag to be installed at sea depth of 170 meters between production wells Chirag and Gunashli, which have already been in operation.

The Chirag Oil Project requires $6 billion in investments.

Advance drilling under the project is scheduled to cover a period before the end of the 2012 first half. The drilling works will be carried out using drilling rig Dada Gorgud. The platform is expected to start producing oil at the end of 2013.

It is planned to produce 300 million barrels of oil under the COP before the validity period of the ACG expires in 2024.

ACG participating interests are: BP (operator - 35.78 percent), Chevron (11.27 percent), INPEX (10.96 percent), Statoil (8.56 percent), Exxon (8 percent), TPAO (6.75 percent), ITOCHU (4.3 percent), Hess (2.72 percent).

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