Baku, Azerbaijan, Sept. 6
By Sara Israfilbayova – Trend:
BP has started construction of the Azeri Central East (ACE) platform, which is a part of the project for development of Azeri-Chirag-Gunashli (ACG) block of oil and gas fields, a source in BP Azerbaijan told Trend.
“Construction of the platform’s deck, which is being implemented by the engineering and construction company Azfen, has already begun,” the source said.
BP noted that the construction of the jacket will begin this month at Heydar Aliyev Baku Deep Water Jackets Plant.
In April, BP and its partners announced the sanctioning of the ACE project, which is the next stage of development of the giant ACG field in the Azerbaijani sector of the Caspian Sea.
The ACE project envisages construction of the seventh platform at the ACG block. It is centered on a new 48-slot production, drilling and quarters platform located mid-way between the existing Central Azeri and East Azeri platforms in a water depth of approximately 140 meters.
The $6 billion development includes a new offshore platform and facilities designed to process up to 100,000 barrels of oil per day. The project is expected to achieve first production in 2023 and produce up to 300 million barrels over its lifetime.
BP and its partners in April have agreed upon the "Azeri-Central-East" project worth $6 billion in Azerbaijan.
ACG participating interests are: BP (30.37 percent), SOCAR (25 percent), Chevron (9.57 percent), INPEX (9.31 percent), Equinor (7.27 percent), ExxonMobil (6.79 percent), TPAO (5.73 percent), ITOCHU (3.65 percent), ONGC Videsh Limited (OVL) (2.31 percent).
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