Production from ACG down by 10%

In 2023, production from the Azeri-Chirag and Deepwater Gunashli (ACG) blocks located in the Azerbaijani sector of the Caspian Sea decreased, Report informs, citing bp-Azerbaijan, the operator of the block.

During the year, ACG continued to safely and reliably deliver stable production. Total ACG production for the full year was on average about 363,000 barrels per day (b/d) (about 133 million barrels or 18 million tonnes in total) from the Chirag (23,000 b/d), Central Azeri (96,000 b/d), West Azeri (86,000 b/d), East Azeri (58,000 b/d), Deepwater Gunashli (67,000 b/d), and West Chirag (33,000 b/d) platforms.

Last year, ACG production was 2 million tonnes, or 10%, less than in 2022.

On December 12, ACG celebrated 1 billion barrels total production achievement from the West Azeri platform.

At the end of the year, 137 oil wells were producing, while 45 were used for water and eight for gas injection.

ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGCVidesh (2.31%).