In 2015 the international consortium developing a bloc of offshore fields Azeri-Chirag-Guneshli (ACG) in the Azerbaijani sector of the Caspian Sea under operatorship of BP company plans to increase production on the contract area, a source from BP told Caspian Barrel.
BP representative said that there are two reasons for increase in production on ACG: first of all, new wells will be drilled from the new production platform Western Chirag and the previous ones will reach a maximum production level and secondly, in 2014 two main platforms – Central Azeri and Western Azeri – will be repaired and they will be used in operation. As a result of that production on the bloc of fields will go up.
In 2013 production on ACG totaled 32.5 million tons. In 2014 it is expected to go down a little.
The shares in the contract are distributed as following: ВР (operator in ACG) – 35.78%, SOCAR – 11.65%, Chevron – 11.27%, Inpex – 10.96%, Statoil – 8.56%, Exxon – 8%, ТРАО – 6.75%, Itocu – 4.3% and ONGC – 2.72%.