During six months this year oil was extracted from 87 operation wells on the ACG bloc, reads report of BP-Azerbaijan company (operator of the ACG bloc development) for quarter 2, 2015.
From January to June 2015 9 oil producing wells and one water injection well have been drilled on the contract bloc (8 and 1 wells, respectively, from January to June 2014).
By the end of June 2015 87 oil producing and 40 water injection wells (81 and 36 wells, respectively) have been in operation.
During six months this year BP has extracted 116 million barrels of oil from ACG, down 2.8 million barrels against the same period last year.
The project partners include BP (operator with 35.78%), Chevron (11.27%), ExxonMobil (8%), ONGC (2.72%), SOCAR (11.65%), Inpex Corp. (10.96%), ITOCHU Oil (4.3%), Statoil (8.56%) and Turkish TPAO (6.75%).
Oil is extracted from the Chirag field since November 1997, from the Central Azeri field since February 13, 2005, from the western Azeri since December 30, 2005, from the eastern Azeri since October 21, 2006, from the deep-water Guneshli field since early April 2008 and from the western Chirag field since January 29, 2014.—0—
Economics
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