Azeri-Chirag-Gunashli full exports may not resume until December

Azeri-Chirag-Gunashli full exports may not resume until December
# 10 October 2008 12:41 (UTC +04:00)
On September 17, two of its five offshore platforms on the ACG fields were shut down following a gas leak.
Vidadi Rustamov, SOCAR’s deputy head of operations, told an oil and gas conference in Kazakhstan that production is expected to resume to full capacity by the end of October.
Meanwhile, BP, the operator of the oilfields, said on its website the restart date of the ACG fields is still uncertain because investigations into the gas leak near the West Azeri platform are ongoing.
In a scenario described in a statement on the Baku-Tbilisi-Ceyhan pipeline oil exports posted on the website, the British company allowed for the possibility that full ACG exports may not resume until December.
The BP-led consortium limited ACG oil output to a third of the capacity after shutting down two platforms and taking precautionary measures at other offshore sites.
The Azeri-Chirag-Guneshli (ACG) group of fields produces more than 800,000 barrels per day.
The total daily production rate at Azeri-Chirag-Guneshli reached 841,169 barrels per day in July.
According to the outlook for 2008, about 134,000 barrels per day is expected from Chirag, 243,500 barrels per day from Central Azeri, 235,300 barrels per day from West Azeri, 144,400 barrels per day from East Azeri and 82,800 barrels per day from DWG.
The Azeri-Chirag-Guneshli oilfields are the main source of oil for the Baku-Tbilisi-Ceyhan pipeline which takes crude oil from Azerbaijan to the Turkish Port of Ceyhan for world markets.
Azeri-Chirag-Guneshli participating interests are: BP (operator – 34.1%), Chevron (10.2%), SOCAR (10%), INPEX (10%), StatoilHydro (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), ITOCHU (3.9%), Hess (2.7%).
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