Production at Azeri-Chirag-Guneshli hits 167 mln barrels

Baku, February 11 - Neftegaz.RU. The total production at Azerbaijan's Azeri-Chirag-Guneshli (ACG) block of fields amounted to 167 million barrels in 2021, BP Azerbaijan has said.
Last year, the total production on the block of fields amounted to 458,000 barrels per day:

• the Chirag field accounted for 27,000 b/d
• Central Azeri for 109,000 b/d
• West Azeri for 116,000 b/d
• East Azeri for 76,000 b/d
• Deepwater Gunashli for 86,000 b/d
• West Chirag for 44,000 b/d

In September 2021, the ACG field reached 4 billion barrels of total oil production since the start of its operations.
At the end of 2021, 135 wells were producing oil, while 29 wells were used for water and 8 for gas injection.
In addition, ACG completed 10 oil producer and 4 water injector wells.

During the reported period, ACG delivered 3 billion m³, or an average of 9 million m³ per day of ACG-associated gas to SOCAR, primarily at the Sangachal Terminal and to SOCAR’s Oil Rocks facility.
The remaining associated gas produced was re-injected for reservoir pressure maintenance.

The company spent about $533 million in operating expenditure and about $1.6 billion in capital expenditure on the ACG activities.
The shareholders in the ACG project are:

• BP (operator, 30.37 %) and SOCAR (25 %)
• MOL (9.57 %) and INPEX (9.31 %)
• Equinor (7.27 %) and ExxonMobil (6.79 %),
• TPAO (5.73 %) and ITOCHU (3.65 %)
• ONGC Videsh Limited (2.31 %)

BP opened its 1^st office in Baku in June 1992 and has since then contributed to Azerbaijan’s oil & gas sector through operating projects such as ACG, Shah Deniz, BTC and SCP.

The contract for the development of the ACG oil fields was signed on September 20, 1994, and entered force in December.
In September 2017 the contract was extended to 2050.