Caspian Sea ACG platform joins billion-barrel club

Jan. 3, 2024
The Azeri-Chirag-Gunashli (ACG) oil field’s West Azeri platform in the Azerbaijani sector of the Caspian Sea has produced its one-billionth barrel of oil.

Offshore staff

BAKU, AzerbaijanThe Azeri-Chirag-Gunashli (ACG) oil field’s West Azeri platform in the Azerbaijani sector of the Caspian Sea has produced its one-billionth barrel of oil in late December 2023.

Partners in the ACG project include SOCAR, MOL, INPEX, Equinor, Exxon Mobil, TPAO, ITOCHU and ONGC Videsh.

West Azeri, which came onstream in December 2005, is one of seven ACG production platforms that to date have produced a collective 4.3 Bbbl, according to operator bp.

Central Azeri also passed the billion-barrel milestone in July 2021.

Currently, about 200 people work on West Azeri, with more than 40 wells and multiple sidetracks drilled since 2005, of which 26 producers and nine water injectors are active.

One of the first wells to come online, C-06, has generated 80 MMbbl to date.

West Azeri presently produces 85,000 bbl/d.

01.03.2024

Request More Information

By clicking above, I acknowledge and agree to Endeavor Business Media’s Terms of Service and to Endeavor Business Media's use of my contact information to communicate with me about offerings by Endeavor, its brands, affiliates and/or third-party partners, consistent with Endeavor's Privacy Policy. In addition, I understand that my personal information will be shared with any sponsor(s) of the resource, so they can contact me directly about their products or services. Please refer to the privacy policies of such sponsor(s) for more details on how your information will be used by them. You may unsubscribe at any time.

Courtesy SBM Offshore's "Full-year Results 2023" presentation
Courtesy Energean's "January 2024 Trading & Operations Update"
Courtesy BW Energy's "Fourth quarter and full year 2023 Presentation"