The total volume of oil production from the Azeri-Chirag-Guneshli (ACG) fields for the entire period from the beginning of development (November 1997) to August 15, 2016 amounted to 3 billion barrels (405 million tons), according to BP-Azerbaijan.
"This is a momentous day both for BP and Azerbaijan," says the information with reference to the President of BP-Azerbaijan Gordon Birrell.
The contract to develop Azeri, Chirag and Deepwater Guneshli was signed on 20 September 1994 and entered into force on 12 December of the same year.
Participants of the project are: BP (35.78% - the operator), Chevron (11.27%), Exxon Mobil (8%), Indian ONGC (2.72%), Azerbaijan's SOCAR (11.65%), Japanese Inpex Corp. (10.96%) and ITOCHU Oil (4.3%), Norwegian Statoil (8.56%), and Turkish TPAO (6.75%).
* Extraction of oil from Chirag has been carried out from November 1997, from Central Azeri - from 13 February 2005, from Western Azeri – from 30 December 2005, from Eastern Azeri – from 21 October 2006, from Deepwater Guneshli – from the beginning of April 2008, and from Western Chirag – from January 29, 2014. -12D--
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