Bank Of Baku

BP-Azerbaijan holds presentation on Chirag Oil Project

BP-Azerbaijan holds presentation on Chirag Oil Project
# 23 September 2008 16:01 (UTC +04:00)
Baku. Ramil Mammadli– APA-Economics. BP-Azerbaijan held a presentation on the Environmental and Social Impact Assessment (ESIA) for Chirag, one of Azeri-Chirag-Gunashli (ACG) fields in the Azerbaijan sector of the Caspian Sea.
Ilgar Mammadov, BP-Azerbaijan Officer for the Chirag Oil Project, said oil will be produced at 175 meters water depth in new fields.
“Exploration work was completed in 2007. We plan to start engineering design in 2009 and achieve initial production in 2013,” he added.
According to him, the field is expected to produce 331 million standard cubic meters of oil.
Ayaz Hasanov, officer for environmental protection, said documents based on views of the public and experts will be sent to the Ministry of Ecology and Natural Resources in next April.
He said modern equipment will be used in oil production at the field to avoid damaging the environment.
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THE OPERATION IS BEING PERFORMED