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65 mln tons of oil produced within â€œContract of the Centuryâ€ during first quarter

21 May 2012 11:04 (UTC +04:00)

Baku. Ali Ahmedov â€“ APA-Economics. During the first quarter of 2012, ACG produced on average 711,800 barrels per day (b/d) (64.8 million barrels or 8.8 million tonnes in total) from the Chirag, Central Azeri, West Azeri, East Azeri and Deepwater Gunashli platforms, BP-Azerbaijan Company reported.

At the end of the first quarter of 2012, a total of 60 oil wells were producing, while 30 wells were used for injection in the ACG field, as follows:

Chirag had 14 wells (9 oil producers and 5 water injectors, producing on average of 80,200 b/d.

Central Azeri (CA) had 17 wells (12 oil producers, 1 water injector and 4 gas injectors, producing on average 180,000 b/d.

West Azeri (WA) had 21 wells (16 oil producers and 5 water injectors), producing on average 190,300 b/d.

East Azeri (EA) had 16 wells (12 oil producers and 4 water injectors), producing on average 142,100 b/d.

Deepwater Gunashli (DWG) had 22 wells (11 oil producers and 11 water injectors), producing on average 119,300 b/d.

During the first three months of 2012, BP as operator of the ACG field continued to supply associated gas via the 28â€ gas subsea pipeline from three platforms (CA, WA and EA) to the Sangachal terminal and from there into Azerigasâ€™ national grid system for domestic use. Some of the associated gas produced from the Chirag platform was sent to the SOCAR compression station at the Oil Rocks via the existing 16â€ subsea gas pipeline. The rest of the associated gas from the ACG platforms was sent via in-field subsea gas pipelines to the compression and water injection platform (C&WP) on CA for re-injection to maintain pressure in the reservoir. Gas injection activities currently continue from four wells on CA.

â€œDuring the first quarter of 2012, we delivered around 11.1 million cubic metres (about 391 million standard cubic feet) per day of ACG associated gas to SOCAR. For the full year we expect to deliver about 3 billion cubic metres (about 106 billion standard cubic feet) of associated gas to SOCARâ€.

During the first quarter of 2012, ACG spent $169.1 million in operating expenditure and $571.4 million in capital expenditure. For the full year, BP-Azerbaijan expects to spend about $708 million in operating expenditure and $2,516 million in capital expenditure on ACG activities.