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11:11 24 November
10:27 24 November
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Production on ACG reduced by 7 million barrels, expenditures by $118M

In the first quarter of 2017, ACG continued to safely and reliably deliver stable production.

BP-Azerbaijan told APA-Economics that total ACG production for the quarter was on average 581,000 barrels per day (b/d) (over 52 million barrels or over 7 million tonnes in total) from the Chirag (55,000 b/d), Central Azeri (124,000 b/d), West Azeri (112,000 b/d), East Azeri (75,000 b/d), Deepwater Gunashli (121,000 b/d) and West Chirag (94,000 b/d) platforms.

 

In the first quarter of 2016 total ACG production was on average 651,000 barrels per day (b/d) (over 59 million barrels or 8 million tonnes in total) from the Chirag (46,000 b/d), Central Azeri (155,000 b/d), West Azeri (116,000 b/d), East Azeri (69,000 b/d), Deepwater Gunashli (139,000 b/d) and West Chirag (126,000 b/d) platforms.

 

At the end of the first quarter, 107 oil wells were producing, while 48 wells were used for gas or water injection. ACG completed 5 oil producers and 2 water injector wells during the first quarter of 2017.

 

In the first quarter of 2017, BP spent approximately $111 million in operating expenditure and about $304 million in capital expenditure on ACG activities. These figures relevantly made up $137 million and $396 million last year.

 

In the first quarter of 2017, ACG delivered an average of 12.1 million cubic metres per day of ACG associated gas to SOCAR (1.1 billion cubic metres in total), primarily at the Sangachal Terminal but also to SOCAR’s Oil Rocks facility. The remainder of the associated gas produced was re-injected for reservoir pressure maintenance.

 

In the first quarter of 2017, oil and gas from ACG and Shah Deniz continued to flow via subsea pipelines to the Sangachal Terminal. The daily capacity of the Terminal’s processing systems is currently 1.2 million barrels of crude oil and about 29.5 million standard cubic metres of Shah Deniz gas, while overall processing and export capacity for gas, including ACG associated gas is about 49.3 million standard cubic metres per day.

 

During the first quarter, the Sangachal terminal exported more than 69 million barrels of oil. This included over 60.5 million barrels through Baku-Tbilisi-Ceyhan (BTC), over 7.5 million barrels through the Western Route Export Pipeline (WREP), and more than 1.1 million barrels via a separate condensate export line.

 

Gas is exported via the South Caucasus Pipeline (SCP) and via SOCAR gas pipelines connecting the Terminal’s gas processing facilities with Azerigas’s national grid system.

 

On average, 26.5 million standard cubic metres (about 936 billion standard cubic feet) of Shah Deniz gas was exported from the Terminal daily during the first quarter.

 

ACG participating interests are: BP (35.8 per cent), SOCAR (11.6 per cent), Chevron (11.3 per cent), INPEX (11 per cent), Statoil (8.6 per cent), ExxonMobil (8 per cent), TPAO (6.8 per cent), ITOCHU (4.3 per cent), ONGC Videsh Limited (OVL) (2.7 per cent).

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