BP to sign new contract to hold prospecting seismology on Caspian Sea
Azerbaijan, Baku, March 28 / Trend E.Ismayilov /
Caspian Geophysical will begin the high-frequency prospecting seismology Chirag oil project (COP - an increase in oil production in the block of offshore oil and gas fields "Azeri-Chirag-Guneshli") in June, a source in the oil and gas market told Trend.
A source said that at present, the operations are underway to prepare the contract with BP, which acts as the operator developing "Azeri-Chirag-Guneshli."
"At present, the preparatory work is underway for the operations to be launched in June," the source said.
Chirag oil project envisages construction of a new platform called West Chirag. The platform will be installed at a depth of 170 meters between the already-running production platforms Chirag and Guneshli.
Chirag oil project envisages investments in the amount of $6 billion.
Outstripping drilling under the project will go on till the first half of 2012. Dede Gorgud rig will perform the drilling, with the production from the platform expected to begin from late 2013.
In total, 300 million barrels of oil are expected to be produced under the project until the end of the contract on ACG in 2024.
ACG participating interests are BP with 35.78 percent, Chevron - 11.27, Inpex - 10.96 percent, AzACG - 11.65 percent, Statoil - 8.56 percent, Exxon - 8 percent, ТРАО - 6.75 percent, Itocu - 4.3 percent и Hess - 2.72 percent.