BAKU, Azerbaijan, August 5. Azeri-Chirag-Gunashli (ACG) block of fields offshore Azerbaijan has produced 4.4 billion barrels of oil since the start of commercial development in November 1997 till the end of the first half of 2024, Trend reports via bp.
ACG production for the first half of 2024 was on average about 336,000 barrels per day, as compared to 375,000 barrels per day in 1H2023.
As such, the ACG output decreased by 10.4 percent year-on-year.
“During the first half of 2024, ACG continued to safely and reliably deliver stable production. Total ACG production for the first half of 2024 was on average about 336,000 barrels per day (b/d) (about 61 million barrels or 8 million tonnes in total) from the Chirag (22,000 b/d), Central Azeri (96,000 b/d), West Azeri (77,000 b/d), East Azeri (52,000 b/d), Deepwater Gunashli (57,000 b/d), West Chirag (29,000 b/d) and ACE (3,000 b/d) platforms,” the company said.
Reportedly, at the end of June 2024, 144 oil wells were producing, while 45 were used for water and eight for gas injection.
BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGCVidesh (2.31%).
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