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Azeri-Chirag-Guneshli total production hits 132m barrels in January-September 2020

Azeri-Chirag-Guneshli total production hits 132m barrels in January-September 2020

Baku, November 18 - Neftegaz.RU. The total production at the Azeri-Chirag-Guneshli (ACG) block of fields amounted to 132 million barrels during the 3 quarters of 2020, BP Azerbaijan has reported.

During the reported period, the total production on the block of fields was on average about 482,000 barrels per day. Of this, the Chirag field accounted for 36,000 b/d, Central Azeri for 115,000 b/d, West Azeri for 118,000 b/d, East Azeri for 64,000 b/d, Deepwater Gunashli for 97,000 b/d and West Chirag for 52,000 b/d.

It should be noted that at the end of the quarter, 124 wells were producing oil, while 39 wells were used for water and 7 for gas injection. In addition, during the first 3 quarters of the year, ACG completed 10 oil producer and 2 injector wells.

Moreover, during the reported period, ACG delivered an average of 1.6 million cubic metres of ACG associated gas to SOCAR, primarily at the Sangachal Terminal, and to SOCAR’s Oil Rocks facility.

Likewise, the company spent about $399 million in operating expenditure and about $1.3 billion in capital expenditure on the ACG activities, in the first 3 quarters of 2020. Total oil production from the ACG block of fields since the start of its operations has reached more than 3.8 billion barrels.

Furthermore, in the first 9 months of 2020, the Shah Deniz field produced around 13.3 billion cubic metres of gas and 2.7 million tonnes of condensate.

The existing Shah Deniz facilities’ production capacity is currently over 56 million cubic metres of gas per day. It was noted that during the reported period, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan, Georgia, Turkey and to BTC Company in multiple locations.

Likewise, in the first three quarters of the year, $620 million were spent in operating expenditure and $719 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project.

Additionally, Shah Deniz has produced more than 130 billion cubic metres of gas and more than 31 million tonnes of condensate since the start of its operations.