Baku, Azerbaijan, Sept. 12
By Sara Israfilbayova – Trend:
BOS Shelf company, owned by the Azerbaijani state oil company SOCAR, will construct the jacket for the new platform to be installed at the Azeri-Chirag-Gunashli (ACG) block of fields.
The Azeri Central East (ACE) platform will be installed at a depth of 137 meters between the Central Azeri and East Azeri platforms, ACE construction project manager Neal Phillips told Trend.
“The deck for the platform is being built by another SOCAR division - Azfen joint venture,” he added. “The work at the company's shipyard at Bibi Heybat alongside the construction of the jacket have been already launched.”
Other major contracts on the project, namely the installation of pipelines, the delivery to the point of deployment at sea and installation of the platform have not yet been determined, but the contractors will be known soon, he said.
BP and its partners authorized the Azeri Central East Project (ACE) worth $6 billion in April.
The ACE project envisages the construction of the seventh platform at ACG.
Up to 100,000 barrels of oil will be produced daily from the new platform, which will become part of the program for the further development of the Azeri-Chirag-Gunashli (ACG) block of fields.
The first oil production is expected to be launched within the project in 2023. Up to 300 million barrels of oil will be produced from the new platform during the entire period of its operation.
A new agreement was signed on ACG in 2017, which extended the term of its development until the middle of the century - until 2050.
Share participation scheme in the project is as follows: BP (operator) - 30.37 percent, AzACG (SOCAR) - 25 percent, Chevron - 9.57 percent, INPEX - 9.31 percent, Equinor - 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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