ACG oil production conducted at more than 75 wells since early 2014

Oil&Gas Materials 26 November 2014 13:26 (UTC +04:00)

Baku, Azerbaijan, Nov. 26

By Emil Ismayilov - Trend:

At the end of the third quarter of 2014, a total of 77 oil wells were producing, while 36 wells were used for injection in the Azeri-Chirag-Gunashli (ACG) field, according to BP's report on activity in Azerbaijan as of nine months of 2014.

Total ACG production during the nine months of 2014 was on average 655,700 barrels per day (b/d) (179 million barrels or approximately 24.2 million tonnes in total) from the Chirag, Central Azeri, West Azeri, East Azeri, Deepwater Gunashli and West Chirag platforms compared to 24.5 million tonnes (181 million barrels) for the same period of 2013.

Chirag produced on average 63,600b/d and had 16 wells operating (11 oil producers and 5 water injectors).

Central Azeri (CA) produced on average 169,600 b/d and had 24 wells operating (17 oil producers, 1 water injector and 6 gas injectors).

West Azeri (WA) produced on average 159,600 b/d and had 25 wells operating (19 oil producers and 6 water injectors).

East Azeri (EA) produced on average 77,300 b/d and had 15 wells operating (11 oil producers and 4 water injectors).

Deepwater Gunashli (DWG) produced on average 147,200 b/d and had 28 wells operating (14 oil producers and 14 water injectors).

West Chirag produced on average 38,400 b/d from five wells.

The contract for the development of Azeri-Chirag-Guneshli large offshore field in the Azerbaijani sector of the Caspian Sea, with proven oil reserve of nearly 1 billion metric tons, was signed in 1994.

Shares in the contract for development of Azeri-Chirag-Guneshli block of fields are 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.

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