Over 79 wells operated at Azerbaijan’s ACG field in Q1

Baku, Azerbaijan, May 16

By Emil Ismayilov - Trend:

Some 79 production wells and 35 injection wells were under operation at Azerbaijan's Azeri-Chirag-Guneshli offshore fields' block in the first quarter of 2014, according to BP's report.

The report by Great Britain's BP oil company was on the results of activities in Azerbaijan in the first quarter of 2014.

In total, BP and its partners produced some eight million tonnes (58 million barrels) of oil in January-March, 2014, versus 8.09 million tonnes in the same period of 2013.

Some 18 wells (13 production and five water injection wells) were under operation at the Chirag field during the first quarter, while the average daily production at this field stood at 66,600 barrels.

Around 24 wells (17 production,six gas injection and one water-injection well) operated at the Central Azeri field in the first quarter. The average daily production at this field totaled 168,400 barrels.

Some 25 wells (20 production and five water injection wells) were under operation at the West Azeri field. The average daily production stood at 169,200 barrels during the reporting period.

About 17 wells (13 production and four water injection wells) were under operation at the East Azeri field. And the average daily production at the field was equal to 84,300 barrels during the first quarter.

Around 28 wells (14 production and 14 water injection wells) operated at the deep-water Guneshli field and the average daily production stood at 146,200 barrels at this field.

The average daily production from two wells at the West Chirag platform totaled 11,100 barrels during the first quarter of 2014.

The contract for development of Azeri-Chirag-Guneshli large offshore field was signed in 1994. The proven oil reserves at the block make up about one billion tonnes.

Shares in the contract for development of Azeri-Chirag-Guneshli block of fields is distributed as follows: BP (operator in Azeri-Chirag-Guneshli) - 35.78 percent, Chevron - 11.27 percent, Inpex - 10.96 percent, AzACG - 11.65 percent, Statoil - 8.56 percent, Exxon - 8 percent, TPAO - 6.75 percent, Itochu - 4.3 percent and ONGC - 2.72 percent.

Edited by C.N.

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