Azerbaijan, Baku, April 18/Trend, E. Ismailov
A new oilfield platform is to be built under the concept of the deepwater gas production from the block of Azerbaijani offshore fields Azeri-Chirag-Gunashli (ACG), said Khoshbakht Yusifzadeh, SOCAR First-Vice President. He was making a report at the 5th Caspian Oil & Gas Trading & Transportation Conference in Baku on April 18-19.
He said the new platform will be connected to the Sangachal oil terminal via a direct submarine gas pipeline.
The new platform will be situated between two producing platforms in the deepwater part of fields Gunashli and Chirag. Deepwater gas production works are likely to be held first at these two fields and then at Azeri.
The new platform will be capable of drilling 18 production wells, according to the report.
Upon the terms of this project, the early gas will be produced in 2017. No gas production is envisioned by the terms of the existing Azeri-Chirag-Gunashli (ACG) PSA. Implementation of this project requires conclusion of a new agreement: talks on this occasion are underway, according to Yusifzadeh. BP may become the operator of this project.
The deepwater gas reserves are estimated at 200 billion-250 billion cubic meters, Yusifzadeh reported earlier.
ACG reserves are estimated at 925 million tons of oil and 280 billion cubic meters of gas.
ACG participating interests are: BP (operator - 37. 4%), Chevron (11.3%), SOCAR (10%), INPEX (11%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.7%), ITOCHU (4.3%), Hess (2.7%).