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Thursday, 17 August 2017 18:30

Natural slump in ACG output continues Featured

Natural slump in ACG output continues

Total ACG production for the two quarters was on average 585,000 barrels per day (b/d) (about 106 million barrels or over 14 million tonnes in total) (editorial note: the average daily production at the Azeri-Chyrag-Gunashli (ACG) block was 630,000 barrels per day in 2016, and 634,000 barrels in 2015).

The production at the Chyrag platform comprised 56,000 b/d, at Central Azeri - 129,000 b/d, at West Azeri - 116,000 b/d, at East Azeri - 77,000 b/d, at Deepwater Gunashli - 120,000 b/d and at West Chyrag - 87,000 b/d. At the end of the first half, 112 oil wells were producing, while 48 wells were used for gas or water injection.

In the first half of 2017, we spent more than $230 million in operating expenditure and about $601 million in capital expenditure on ACG activities, Caspian Energy News (www.caspianenergy.net) reports with reference to BP.

In the first half, ACG continued to safely and reliably deliver stable production. Total ACG production for the two quarters was on average 585,000 barrels per day (b/d) (about 106 million barrels or over 14 million tonnes in total) from the Chirag (56,000 b/d), Central Azeri (129,000 b/d), West Azeri (116,000 b/d), East Azeri (77,000 b/d), Deepwater Gunashli (120,000 b/d) and West Chirag (87,000 b/d) platforms. At the end of the first half, 112 oil wells were producing, while 48 wells were used for gas or water injection.

ACG completed 11 oil producers and 2 water injector wells during the first half of 2017.

In the first half of 2017, ACG delivered an average of about 10 million cubic metres per day of ACG associated gas to SOCAR (1.8 billion cubic metres in total), primarily at the Sangachal Terminal but also to SOCAR’s Oil Rocks facility. The remainder of the associated gas produced was re-injected for reservoir pressure maintenance.

The daily capacity of the Terminal’s processing systems is currently 1.2 million barrels of crude oil and about 29.5 million standard cubic metres of Shah Deniz gas, while overall processing and export capacity for gas, including ACG associated gas is about 49.3 million standard cubic metres per day.

During the first two quarters, the Sangachal terminal exported about 141 million barrels of oil, including third party volumes. Of this, about 124 million barrels were exported through Baku-Tbilisi-Ceyhan (BTC), more than 15.5 million barrels through the Western Route Export Pipeline (WREP), and about 1.5 million barrels via a separate condensate export line. 

Person in charge of the newsline: Fidan Isayeva

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