Baku, Azerbaijan, August 30
By Elena Kosolapova - Trend:
BP plans that oil production in Azerbaijan in July-December 2016 to reach a level not less than in the same period of 2015, Bakhtiyar Aslanbayli, BP’s vice president for external affairs and strategy in Azerbaijan, Georgia and Turkey, told reporters in Baku Aug. 30.
BP produced 641,000 barrels of oil per day in Azerbaijan in July-December 2015.
Aslanbayli said that the production platforms are planned to be stopped twice on the Azeri-Chirag-Guneshli (ACG) block of fields for maintenance work in July-December 2016, so it will be difficult to maintain the production level.
He said that BP produced around 655,000 barrels of oil per day in January-June 2016.
The contract for development of the ACG block of fields was signed in 1994. The proven oil reserve of the block nears one billion tons.
The shareholders of the project are: BP - 35.78 percent, Chevron - 11.28 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.