Oil major BP PLC said Wednesday that production has started at the West Chirag platform of the Azeri-Chirag-Gunashli field in the Azerbaijan sector of the Caspian Sea, completing the Chirag oil project which was sanctioned in 2010.
Oil major BP PLC said Wednesday that production has started at the
West
Chirag
platform of the Azeri-Chirag-Gunashli field in the
Azerbaijan
sector of the
Caspian Sea
, completing the Chirag oil
project which was sanctioned in 2010.
West Chirag
production began from a pre-drilled well called
J05 on Jan. 28 and will increase throughout this year as other pre-drilled
wells are brought on line, BP said without indicating volumes. However, BP said
the new platform has a capacity for 183,000 barrels a day with a gas export
capacity of 285 million standard cubic feet a day.
"The startup of Chirag oil project marks a major milestone in the
development of the super-giant ACG [Azeri-Chirag-Gunashli field]," Gordon
Birrell, BP's Regional President for
Azerbaijan
,
Georgia
and
Turkey
said.
"To date the ACG field has produced over 2.3 billion barrels of oil and
with future continual major investments in new technologies and facilities,
like the one we have today started up, it will continue to produce as a world-class
reservoir for many decades,", Mr. Birrell added.
BP is operator of the field with a 35.8% interest. Partners in the field
include SOCAR with 11.6%, Chevron Corp with 11.3%, Inpex Corp with 11%, Statoil
ASA with 8.6%, Exxon Mobil Corp with 8%, TPAO with 6.8%, Itochu Corp with 4.3%
and ONGC Videsh Ltd. with 2.7%.
BP shares at 1320 GMT down 1 pence, or 0.22%, at 476 pence in a lower FTSE 100
Index--down 0.2%.
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