Oil production at ACG field cut

BP-Azerbaijan has published production figures of oil production for the first quarter of 2013. The BP Plc-led Azeri-Chirag- Guneshli field in Azerbaijan’s section of the Caspian Sea pumped 8 percent less oil in the first quarter, the Turan news service reported.On the production platform "Chirag-1" 14 wells are in operation, of which 10 are producing wells and 4 are water-injection. On the platform "Central Azeri" there are 21 wells (15 producing, 5 gas-injectors and one water-injection), on the "West Azeri" - 21 wells (16 - extracting and 5 water-injection), on the "Eastern Azeri" - 16 wells (12 producing wells and 4 water-injection) and on the "Deepwater Gunashli" - 22 wells (11 producing wells and 11 water-injection).In the first quarter, ACG produced 662 thousand barrels of oil, with 64 producing wells, or a total of 59,600,000 barrels (8,060,000 tons) in January-March 2013. Operating costs amounted to $198 million.In comparison, in the first quarter of 2012, ACG operated a total of 60 mining wells, with an average daily production of 711.8 thousand barrels of oil. Last year the international consortium required just $169.1 million for the production of such a volume of oil.Output has dropped since 2010, when ACG produced on average 823,100 barrels a day. The ACG partners also include Exxon Mobil Corp. (XOM), Chevron Corp. (CVX),  Inpex, Itochu, ONGC Videsh Ltd , SOCAR, Norway's Statoil , Turkish TPAO, Statoil ASA (STL) and the State Oil Co. of Azerbaijan.
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