BP announces ACG production figures for three quarters

During the third quarter, Azeri–Chirag and Deepwater Gunashli (ACG) continued to safely and reliably deliver stable production, Report quotes from a statement issued by BP-Azerbaijan, the operator of the block, together with partners on business in the third quarter of this year.

Total ACG production for the first three quarters was on average about 461,000 barrels per day (b/d) (about 126 million barrels or 17 million tonnes in total) from the Chirag (29,000 b/d), Central Azeri (109,000 b/d), West Azeri (115,000 b/d), East Azeri (77,000 b/d), Deepwater Gunashli (87,000 b/d) and West Chirag (44,000 b/d) platforms.

On September 18, 2021, the ACG field reached 4 billion barrels of total oil production since the start.

As part of the ACG annual work program, two planned maintenance programs (turnaround - TAR) were successfully implemented on the ACG platforms this year – on West Azeri in the second quarter and on Chirag in the third quarter.

At the end of the quarter, 136 oil wells were producing, while 30 were used for water and eight for gas injection.

ACG is the largest oil field block in Azerbaijan. The first production sharing agreement for the development of the field block was signed on September 20, 1994. On September 14, 2017, a new treaty was inked on the joint exploitation of these fields and production sharing. The agreement provides for the development of the fields by the end of 2049.

Shareholders in ACG are BP (30.37%), SOCAR (25%), MOL Group (replaced Chevron as of April 16, 2020 - 9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), and ONGC Videsh Limited (OVL) (2.31%).