BP: New platform may be constructed at Azeri-Chirag-Guneshli fields’ block
Baku, Azerbaijan, Jan. 29
By Emil Ismayilov - Trend:
In order to maintain a stable level of production at the Azeri-Chirag-Guneshli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea in 2019, 2020 and 2021, it may be necessary to perform certain technical measures or even construct a new platform, head of BP Azerbaijan Gordon Birrell said at a briefing on Jan.29.
Birrell went on to add that stable production volumes may constitute up to 32 million tons of oil per year.
"In conditions of a natural drop in oil production in Azerbaijan, BP considers it necessary to use new technologies," Birrell stressed.
As the head of BP Azerbaijan said, ACG field is very large, and implementation of technical measures is necessary to extend the period of stable production.
"Currently discussions are held on the issue with SOCAR (the State Oil Company of Azerbaijan) and other partners," Birrell said.
The contract for development of Azeri-Chirag-Guneshli large offshore field was signed in 1994. Shares are distributed as follows: BP (operator in Azeri-Chirag-Guneshli) - 35.78 per cent, Chevron - 11.27 per cent, Inpex - 10.96 per cent, AzACG - 11.65 per cent, Statoil - 8.56 per cent, Exxon - 8 per cent, TPAO - 6.75 per cent, Itochu - 4.3 per cent and ONGC - 2.72 per cent.
Translated by M.L.
Edited by C.N.