Production on ACG reduced by 7 million barrels, expenditures by $118M
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).
Related news releases
- 23.11.2017Ambassador: Southern Gas Corridor to allow Azerbaijan to turn into a huge energy exporter
- 22.11.2017SOCAR clarifies gas import from Gazprom
- 22.11.2017Azerbaijan resumes gas import from Russia
- 21.11.2017TAP realization bases on Europe’s fundamental values - Snam
- 20.11.2017SOCAR reduces oil output by 2% in January-October
- 20.11.2017Minister: 94 percent of works on TANAP completed
- 20.11.2017Number of BP’s Azerbaijani national employees declining
- 20.11.2017BP: 98 percent of construction on SCP Expansion is completed
- 20.11.2017South Caucasus Pipeline spends $657M this year
- 20.11.2017BTC spends $120M this year
- 20.11.2017BP: 27 million standard cubic metres of Shah Deniz gas was exported from Sangachal Terminal daily
- 20.11.2017Shah Deniz spends more than $2.6 billion this year
- 20.11.2017Shahdeniz 2 is now over 97 percent complete: BP
- 20.11.2017Volume of AGC production announced
- 17.11.2017Price of gasoline AI-95 and AI-98 increased in Azerbaijan
- 16.11.2017Volume of oil and gas transported via main pipelines announced
- 16.11.2017Azerbaijan exports 38% of its gas reserves
- 16.11.2017Azerbaijan reduces diesel production by 21%
- 16.11.2017SOCAR President: Works on SGC carried out on schedule
- 16.11.2017SOCAR: Petkim quintuples revenues
- 16.11.2017Transneft halts oil transportation from Azerbaijan due to earthquake
- 15.11.2017Three high-ranking officials of Energy Ministry dismissed
- 15.11.2017Ministry: Baku and Ankara implemented a project that Europe could not carry out for years
- 14.11.2017Turkish Minister of Energy and Natural Resources to visit Azerbaijan
- 14.11.2017Azerbaijan increases revenues from gas export
- 14.11.2017Azerbaijan sees 27% growth in revenues from crude oil export
- 14.11.2017SOCAR Petroleum: Current break in sale of AI-98 gasoline to last for a month
- 13.11.2017OPEC member states decrease oil production
- 13.11.2017Working Group on improvement and finalization of 2016 EIT report holds meeting
- 13.11.2017SOCAR might buy oil refinery in Italy
- 13.11.2017Azerbaijan sees 7.2% decline in oil output
- 13.11.2017Azpetrol General Director reveals forecasts on gasoline price
- 13.11.2017Azpetrol comments on quality of fuel
- 13.11.2017General Director: Azpetrol already plans to install facilities designed for charging electric vehicles
- 13.11.2017BTC transported more than 344 million tonnes of oil so far
- 13.11.2017Volume of Azerbaijani oil transported through Ceyhan port announced
- 10.11.2017Azerbaijani president: Extension of ACG will bring tens of billions of dollars in additional investment
- 10.11.2017President Ilham Aliyev attends opening of “Yeni Ganja” substation
- 10.11.2017Petkim pays $11M advance for construction of new administrative building
- 10.11.2017SOCAR transfers AZN 1.3B to state budget
- 10.05.2017BP dismisses 32 Azerbaijani national employees in Q1
- 10.05.2017BP: Shahdeniz Stage 2 now over 92% complete
- 10.05.2017Shahdeniz produces 2.4 bcm of gas in Q1
- 05.05.2017Azerbaijan submits data on April’s oil output to OPEC
- 05.05.2017Iran to purchase additional energy from Azerbaijan in summer months - minister - EXCLUSIVE
- 05.05.2017Brent crude oil price drops to 5-month low of $47 per barrel