Baku / 19.04.19 / Turan: The consortium of oil companies comprising SOCAR, BP, Chevron, INPEX, Equinor, ExxonMobil, TPAO, ITOCHU and ONGC Videsh, signed a project to develop the deepwater part of the Central Eastern Azeri field today.
According to BP - operator of the project Azeri-Chirag-Guneshli, the cost of the new project will be $ 6 billion. Within its framework, a new offshore platform with equipment with a processing capacity of up to 100,000 barrels of oil per day will be built.
As expected, the first oil production in this project will begin in 2023. Total production is expected to 300 million barrels.
Construction work will begin this year and continue until mid-2022, according to a BP report.
Recall that the agreement to continue the development of the Azeri-Chirag-Guneshli field was signed in 1994, and on September 14, 2017, an agreement was signed to extend the development of the ACG until 2050. -02D-
Energy
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