In 2021, the Azeri-Chirag-Deepwater Gunashli (ACG) continued to safely and reliably deliver stable production, Report informs, referring to BP-Azerbaijan.
Total ACG production for 2021 was on average about 458,000 barrels per day (b/d) (about 167 million barrels or 23 million tons in total), down 2.54% from the previous year.
The production from the Chirag platform was 27,000 b/d, from Central Azeri - 109,000 b/d, from West Azeri - 116,000 b/d, from East Azeri - 76,000 b/d, from Deepwater Gunashli - 86,000 b/d, and from West Chirag - 44,000 b/d.
As many as 135 oil wells were producing, while 29 were used for water and eight for gas injection.
ACG is the largest block of oil fields in Azerbaijan. The first production sharing agreement for its development was signed on September 20, 1994, while a new deal on the joint exploitation of these fields and production sharing was reached on September 14, 2017. The agreement provides for the development of the fields by the end of 2049.
ACG participating interests are: bp (30.37%), SOCAR (25%), MOL (replaced Chevron as of 16 April 2020 (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).