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BP announces production forecast at ACG in 2019

December 14, 2018/ 09:20

Baku. There are plans to maintain production at the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in 2019 at the level of this year, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told reporters in Baku Dec. 13.

The average daily production at ACG amounted to 588,000 barrels of oil during the three quarters of this year. Over 22 million tons of oil were produced at this block in three quarters alone.

Aslanbayli also touched upon the activities of the two platforms - Central Azeri and West Chirag at the ACG. He said that in accordance with the work plan for the next year, their operation is planned to be suspended for maintenance, told Trend.

There are plans to carry out maintenance work at the Central Azeri platform in the second quarter next year, and at the West Chirag platform in October, he said, adding that the dates may change depending on the progress of the work.

A contract for development of ACG was signed in 1994. A new contract for development of the ACG block until 2050 was signed in Baku Sept. 14, 2017.

The ACG participating interests are as follows: BP - 30.37 percent; AzACG (SOCAR) - 25 percent; Chevron - 9.57 percent; INPEX - 9.31 percent; Statoil - 7.27 percent; ExxonMobil - 6.79 percent; TP - 5.73 percent; ITOCHU - 3.65 percent; ONGC Videsh Limited (OVL) - 2.31 percent.


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