Azerbaijan, Baku, Nov. 27 / Trend E.Ismayilov /
Some 81.6 percent of construction work has been completed within realization of the Chirag oil project (COP - increase of oil production in Azeri-Chirag-Guneshli field), the recently published BP (operator of the ACG) report on the results of first nine months of 2012 stated.
According to information, in particular necessary work is carried out in the ATA section (AMEC-Tekfen-Azfen) and in the the deep water plant named after Heydar Aliyev. Implementation of this work will continue until the late 2012.
"Some 90 per cent of work within the construction of the upper platform modules has been completed in the ATA construction and installation section, their transportation to sea is scheduled for the second quarter of 2013," the report says.
The Chirag oil project involves the construction of the new West Chirag platform which will be installed at a depth of 170 metres between the Chirag and Gunashli production platforms.The investments made to the Chirag oil project implementation will hit $6 billion.
An advanced drilling project is planned for the period up till the first half of 2012. This will then be carried out from the Dada Gorgud installation. First production from the platform is scheduled for late 2013. It is planned to produce 300 million barrels of oil until the end of the contract by ACG in 2024.
The contract on the Azeri-Chirag-Guneshli full field development was signed in 1994.
Participants of the project to develop Azeri-Chirag-Guneshli are: BP (operator - 35.83 percent), Chevron (11.27 percent), Inpex (10.96 percent), AzACG (11.6 percent), Statoil (8.56 percent), Exxon (8 percent), TPAO (6.75 percent), Itocu (4.3 percent) and Hess (2.72 percent). Hess has sold its share to Indian ONGC, the transaction will be completed in the first quarter of 2013.