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Production on oil platform in Caspian Sea to resume soon

Production on oil platform in Caspian Sea to resume soon

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Date: 7 December 2015 17:32

Baku, Azerbaijan, Dec. 7

By Maksim Tsurkov – Trend:

The British BP has completed the scheduled maintenance on the Chirag platform in the Azerbaijani sector of the Caspian Sea, head of the BP-Azerbaijan press service Tamam Bayatli told Trend Dec.7.

Work on the platform was suspended Nov. 10, 2015.

“All the work under the program has been successfully completed,” she said. “Preparation for the launch of the Chirag platform is currently underway, and soon production on it will be resumed.”

Earlier in May, the BP stopped the West Azeri platform for planned technical work.

BP and its partners produced 24 million tons of light oil at Azeri-Chirag-Guneshli block of oil and gas fields in Jan.-Sept. 2015 versus 24.2 million tons produced in the same period of 2014.

The average daily volume of oil production at the block stood at 640,000 barrels during the reporting period. This is while the average daily volume of oil production at Chirag platform totaled 54,000 barrels.

The contract for development of ACG field was signed in 1994.

The shareholders of the project are: BP (operator in the Azeri-Chirag-Guneshli) - 35.78 percent, Chevron - 11.27 percent, Inpex - 10.96 percent, AzACG - 11.65 percent, Statoil - 8.56 percent, Exxon - 8 percent, TPAO - 6.75 percent, Itocu - 4.3 percent and ONGC - 2.72 percent.

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