Bank Of Baku

BP: Oil production in Azeri-Chirag-Guneshli fields will reduce this year

BP: Oil production in Azeri-Chirag-Guneshli fields will reduce this year
# 29 January 2014 14:04 (UTC +04:00)

According to him, this indicator remained unchanged compared to the previous year: “Volume of expected production this year is unknown. BP-Azerbaijan and SOCAR should agree on the volume of oil production. We think that this figure will be lower than in 2013”.

 

Birell said that fall in production will be related to the closure of 2 platforms in AGC block: “Operation of Central Azeri and Western Azeri platforms will be suspended in 2014. There is a great need for it to produce better and higher quality oil. The date of suspension will be publicized. However, we think that the suspension will not last long”.

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