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BP reveals number of completed wells at ACG

Oil&Gas Materials 29 April 2021 13:57 (UTC +04:00)

BAKU, Azerbaijan, Apr.29

By Leman Zeynalova – Trend:

In the first quarter of 2021, Azeri-Chirag-Gunashli (ACG) completed three oil producer and two injector wells, as compared to four oil producer wells in Q1 2020, Trend reports citing BP.

In the first quarter of 2021, the company spent more than $142 million in operating expenditure and more than $463 million in capital expenditure on ACG activities.

During the first quarter, ACG continued to safely and reliably deliver stable production. Total ACG production for the quarter was on average about 484,000 barrels per day (b/d) (about 44 million barrels or 6 million tonnes in total) from the Chirag (30,000 b/d), Central Azeri (112,000 b/d), West Azeri (130,000 b/d), East Azeri (79,000 b/d), Deepwater Gunashli (89,000 b/d) and West Chirag (44,000 b/d) platforms.

At the end of the quarter, 133 oil wells were producing, while 45 were used for water and eight for gas injection.

BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.

ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (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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