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BP: We Want Platforms on ACG to Carry Out Production Smoothly and Reliably

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BP plans to conduct a number of works to stabilize oil production in the Azeri-Chirag-Gunashli (ACG) block of Azerbaijani fields, BP-Azerbaijan President Gordon Birrell told reporters.

According to him, maintaining the stable level of production at the block is the main task of the company.

“We plan to achieve effective drilling performance in the first place. We have seven platforms on the ACG block, with which we want to get high, efficient drilling performance in order to reach new layers quickly and start producing oil there,” Birrell said.

He noted that BP intends to ensure uninterrupted and reliable operation of oil production facilities.

“The bottom line is that the platforms are not subjected to an unscheduled stop, but they work permanently. In 2017, the platforms on ACG will not stop for preventive maintenance,” Birrell said.

He added that the third factor in stabilizing oil production will be attraction of the best specialists to Azerbaijan.

* Oil production at ACG began in November 1997. Peak production was recorded in the II quarter of 2010 – 835 thousand barrels per day. At present, the production volumes from ACG have decreased to 605 thousand barrels per day. In total, about 3.1 billion barrels of raw materials have been extracted from the block.

The shareholders of ACG are: BP (operator) – 35.78%, SOCAR – 11.65%, Chevron – 11.28%, Inpex – 10.96%, Statoil – 8.55%, Exxon – 8%, TPAO – 6.75%, Itochu – 4.3% and ONGC – 2.72%.  

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