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Azeri-Chirag-Gunashli: journey back to Jan.-July 2020

Oil&Gas Materials 19 August 2020 11:26 (UTC +04:00)
Azeri-Chirag-Gunashli: journey back to Jan.-July 2020

BAKU, Azerbaijan, Aug.19

By Leman Zeynalova – Trend:

In January 2020, the volume of crude oil production at the Azeri-Chirag-Gunashli (ACG) block of fields as of 2020 was forecasted to be 186.7 million barrels, according to Azerbaijan’s State Oil Fund (SOFAZ).

The forecasted indicator was 10.4 million barrels less compared to 2019 (197.1 million barrels) due to lower production.

On January 31, BP told Trend that it will continue gas lift project at Chirag platform at the Azeri-Chirag-Gunashli.

“The gas lift project aims to bring high pressure gas lift facilities onto a platform to add to the lifetime of the wells and through it to the production. Currently, we are implementing this project on the Chirag platform which has been in operation since November 1997. The execution of this project is currently ongoing and will continue throughout this year,” said the company.

In March 2020, Australian Worley company said it was awarded a contract for the gas lift project on Chirag platform at ACG.

Worley said that Azerbaijan International Operating (AIOC), operated by BP, has awarded the company a contract for engineering, procurement and construction services as part of a gas lift project.

Under the contract, it will provide engineering, procurement and construction services to support production operations on the Chirag platform in the Caspian Sea. The project scope includes new gas lift flowlines and production manifolds.

In April 2020, the US Chevron and Hungarian MOL Group closed the transaction on the sale of Chevron’s assets at ACG (9.57 percent). With this transaction MOL became the third largest field partner in ACG.

In May 2020, the US ExxonMobil relaunched the sale of its stake in ACG. “Exxon Mobil is testing market interest for its non-operated producing assets in Azerbaijan,” Exxon spokeswoman Julie King said.

In July 2020, Baker Hughes said it has recently conducted stimulation works on an additional two wells at the Azeri-Chirag-Gunashli.

“Following our successful deployment of a Stimulation Vessel in 2018 – 2019, Baker Hughes has recently conducted stimulation works on an additional two wells at the Azeri-Chirag-Gunashli block. Our operations team was able to significantly improve the expected oil rate through a Baker Hughes chemicals solution,” said the company.

Total Azeri-Chirag-Gunashli (ACG) production for the first half of 2020 was on average about 498,000 barrels per day (b/d), according to BP.

“During the second quarter, ACG continued to safely and reliably deliver stable production. Total ACG production for the first half of 2020 was on average about 498,000 barrels per day (b/d) (about 91 million barrels or more than 12 million tonnes in total) from the Chirag (38,000 b/d), Central Azeri (123,000 b/d), West Azeri (122,000 b/d), East Azeri (66,000 b/d), Deepwater Gunashli (96,000 b/d) and West Chirag (53,000 b/d) platforms,” reads the report.

At the end of the quarter, 129 oil wells were producing, while 42 wells were used for water and seven for gas injection, said BP.

ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (replaced Chevron as of 16 April 2020 (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).

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Follow the author on Twitter: @Lyaman_Zeyn

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