BAKU, Azerbaijan, February 12. Total production from Azeri-Chirag-Gunashli (ACG) block offshore Azerbaijan for the full year of 2023 was on average about 363,000 barrels per day (b/d), as compared to 415,400 barrels per day in 2022, Trend reports via bp.
As such, ACG production decline by 12.6 percent year-on-year.
“During the year, ACG continued to safely and reliably deliver stable production. Total ACG production for the full year was on average about 363,000 barrels per day (b/d) (about 133 million barrels or 18 million tonnes in total) from the Chirag (23,000 b/d), Central Azeri (96,000 b/d), West Azeri (86,000 b/d), East Azeri (58,000 b/d), Deepwater Gunashli (67,000 b/d) and West Chirag (33,000 b/d) platforms,” said the company.
On 12 December, ACG celebrated 1 billion barrels total production achievement from the West Azeri platform.
At the end of the year, 137 oil wells were producing, while 45 were used for water and eight for gas injection.
In 2023, ACG completed eight oil producer, six water injector and one gas injector wells.
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%), ONGCVidesh (2.31%).
BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
In late December 2023, Azerbaijan’s state oil company SOCAR acquired Equinor's share in Azeri-Chirag-Gunashli, pending completion of transactions in accordance with regulatory requirements and contractual obligations.
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