BAKU, Azerbaijan, Aug.1. bp company has completed the construction on the topside (upper) unit of the Azeri Central East (ACE) platform at Azeri-Chirag-Gunashli (ACG) block offshore Azerbaijan, Trend reports.
bp announced that the sailaway is due to occur in the third quarter 2023.
The $6 billion ACE project is the next stage of development of the giant Azeri-Chirag-Gunashli (ACG) field in the Azerbaijan sector of the Caspian Sea (bp 30.37% operator).
The ACE platform and equipment are designed to process up to 100,000 barrels of oil per day. Up to 300 million barrels are expected to be produced over the entire duration of the project. The platform will be controlled remotely from the Sangachal terminal and will include an innovative automation system.
ACG participating interests are: bp (30.37 percent), SOCAR (25 percent), MOL (9.57 percent), INPEX (9.31 percent), Equinor (7.27 percent), ExxonMobil (6.79 percent), TPAO (5.73 percent), ITOCHU (3.65 percent), ONGC Videsh (2.31 percent).
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