BAKU, Azerbaijan, Oct.28
By Leman Zeynalova – Trend:
Continuous Gas Lift project may start at Chirag platform of Azeri-Chirag-Gunashli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea, Lead Petroleum Engineer at BP Azerbaijan Rovshan Mollayev told Trend.
He noted that currently, short-term gas lift project is underway at Chirag field.
“The project was launched at three wells of this field. Two of those wells are currently used. The gas lift project at those wells will continue for several years and then will be replaced with another project. Continuous Gas Lift project may start at Chirag platform,” noted Mollayev.
Talking about the advantages of the gas lift project, he noted that after a certain time, wells start producing water and cannot produce gas due to hydrostatic pressure, while gas lift project helps to reduce hydrostatic pressure and extend the service life span of the wells by several times.
On September 20, 1994, the Government of Azerbaijan and a group of international oil companies representing eight countries signed the Azeri-Chirag-Gunashli Production Sharing Agreement, which later became known as the “Contract of the Century”. The Contract was extended in September 2017 until mid-century.
From the start of production in November 1997 till the end of 2Q 2019, ACG produced about 488 million tonnes (more than 3.6 billion barrels) of oil.
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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