In the first three quarters of 2024, approximately USD 1.37 billion was spent on activities related to the "Azeri-Chirag-Gunashli" (ACG) oil and gas fields block, this was reflected on the report dedicated to the results of the first third quarter of the current year on the activities of the bp company in Azerbaijan.
bp and its co-venturers spent about $402 million in operating expenditure and about $968 million in capital expenditure on ACG activities.
In 2024, a new 4-dimensional (4D) high-definition ocean bottom node seismic programme was launched on ACG. The programme, which focuses on the Balakhany and Fasila reservoirs, covers an area of 740 square kilometres under source and 507 square kilometres under receivers, with a total cost of around $370 million and a duration of five years (2024-2028). This is the largest-ever seismic acquisition commitment made by bp globally by all its aspects – area size, cost and programme duration. The seismic acquisition scope planned for this year has already been completed safely and ahead of schedule with the seismic processing of the acquired data currently ongoing.
In mid-April 2024, oil production commenced from the new Azeri Central East (ACE) platform - the seventh offshore platform installed on the giant ACG field in the Caspian Sea.
During the third quarter of 2024, ACG continued to safely and reliably deliver stable production. Total ACG production for the first three quarters of 2024 was on average about 339,000 barrels per day (b/d) (about 93 million barrels or 13 million tonnes in total) from the Chirag (23,000 b/d), Central Azeri (96,500 b/d), West Azeri (75,500 b/d), East Azeri (51,000 b/d), Deepwater Gunashli (57,400 b/d), West Chirag (29,100 b/d) and ACE (6,500 b/d) platforms.
At the end of the third quarter, 147 oil wells were producing, while 47 were used for water and eight for gas injection.
In the first three quarters, ACG completed 11 oil producer, two water injector and one cuttings re-injection wells.
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