bp issued its third-quarter 2024 results on Nov. 5, providing a progress report on ongoing development works at the Shah Deniz and ACG fields in the Azerbaijani sector of the Caspian Sea.
During the third quarter, preparations continued for startup of a third gas production well at Shah Deniz 2 on the field’s East North flank.
Activities performed by the Istiglal and Heydar Aliyev rigs included the de-completion and re-completion of the SDH02 well on the East North flank and de-completion of the SDF02 well on the West South flank. Heydar Aliyev was also drilling the SDD05 well on the West flank.
To date, 21 wells have been drilled for Shah Deniz 2, comprising five on the North flank, four on the West flank, four on the East South flank, five on the West South flank and three on the East North flank.
bp has continued to analyze data obtained last year from the target reservoirs of the SDX-8 exploration well, the aim being to appraise the deeper reservoirs beneath the currently producing Shah Deniz layers.
At the ACE platform, current production of about 19,000 bbl/d from two wells should rise to 24,000 bbl/d once the next planned well is drilled, completed and brought online. During the first three quarters of the year, the ACG teams completed 11 oil producer, two water injector and one cuttings re-injection wells.
During September, SOCAR, bp and the other ACG co-venturers signed an addendum to the existing ACG production sharing agreement, pledging to pursue exploration, appraisal, development of and production from the field’s NAG reservoirs. These could hold up to 4 Tcf in place.
An initial well is being drilled from the West Chirag platform to produce gas from two priority reservoirs. It will also provide appraisal feedback to support future development planning.
