ACG oil field offshore Azerbaijan sets production milestone

Sept. 24, 2021
bp and its co-venturers have produced the 4 billionth barrel of oil from the Azeri-Chirag-Gunashli field in the Caspian Sea.

Offshore staff

BAKU, Azerbaijan – bp and its co-venturers have produced the 4 billionth barrel of oil from the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea.

Since operations started at the Chirag platform in November 1997, most of the production has been transported via the Baku-Tbilisi-Ceyhan and Western Route Export pipelines from the Sangachal terminal, close to Baku, to markets across Azerbaijan, Georgia, Turkey, and elsewhere.

Last month, the Caspian Drilling Co. jackup Satti spudded the first exploration well in the North Khali area of the Shallow Water Absheron Peninsula offshore block for operator bp and partner SOCAR.

Planned TD is 2,242 m (7,953 ft), due to be reached by around late October. If successful, an evaluation program may follow to confirm the results.

09/24/2021