TODAY.AZ / Business

BP reveals production figures for first nine months of 2015

01 December 2015 [12:26] - TODAY.AZ

/By AzerNews/

By Aynur Karimova

British BP has released its report on the results of the 3rd quarter of 2015.

The company reported on November 30 that the giant Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea continued to deliver stable production in the third quarter of 2015.

Total ACG production in the first nine months was on average 640,000 barrels per day (175 million barrels or 24 million tons in total) from the Chirag (54,000 bpd), Central Azeri (156,000 bpd), West Azeri (110,000 bpd), East Azeri (72,000 bpd), Deepwater Gunashli (141,000 bpd) and West Chirag (107,000 bpd) platforms.

At the end of the third quarter, 88 oil wells were producing, while 42 wells were used for gas or water injection.

During the three quarters of 2015, ACG completed 13 oil producer wells and one water injection well.

During the first nine months, ACG delivered an average of 9.8 million cubic meters per day of ACG associated gas to SOCAR (2.7 billion cubic meters 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.

In the first three quarters of 2015, BP spent approximately $570 million in operating expenditure and $1.5 billion in capital expenditure on ACG activities.

The ACG block of fields has been active since 1997. Production started from the Chirag part of the field. It was followed successfully by Azeri Project; Central Azeri production in February 2005, West Azeri in December 2005, and East Azeri in October 2006.

The Deepwater Gunashli section launched production in April 2008.

BP also said that the giant Shah Deniz gas condensate field in the Caspian Sea continued to provide reliable deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), BTC Company and Turkey (to BOTAS).

In the first nine months of 2015, the field produced 7.2 billion standard cubic meters of gas and 1.66 million tons (about 13.4 million barrels) of condensate.

The existing Shah Deniz facilities’ production capacity is currently 29.5 million standard cubic metres of gas per day or around 10bcma.

During the first nine months of 2015, Shah Deniz spent approximately $370 million in operating expenditure and $3.37 billion in capital expenditure, the majority of which was associated with the Shah Deniz Stage 2 project.

The Shah Deniz field, one of the world's largest gas-condensate fields, was discovered in 1999. Its reserves are estimated at 1.2 trillion cubic meters of gas. Overall, the field has proved to be a secure and reliable supplier of gas to Azerbaijan, Georgia, Turkey, and Europe.

BP went on to add that in the reported period, the Baku-Tbilisi-Ceyhan pipeline exported about 198 million barrels (26.3 million tons) of crude oil loaded on 275 tankers at Ceyhan.

BTC spent approximately $106 million in operating expenditure and $32 million in capital expenditure.

Since the 1,768-kilometer BTC pipeline became operational in June 2006 it has carried a total of about 2.3 billion barrels (around 307 million tons) of crude oil to be loaded on 3,026 tankers and sent to world markets.

The BTC pipeline currently carries mainly ACG oil and Shah Deniz condensate from Azerbaijan. In addition, crude oil from Turkmenistan and Kazakhstan continues to be transported via BTC.

In the first nine months of 2015, South Caucasus Pipeline’s daily average throughput was 17.8 million cubic meters of gas per day.

SCP spent about $32 million in operating expenditure and $835 million in capital expenditure.

The pipeline has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Turkey.

URL: http://www.today.az/news/business/145601.html

Print version

Views: 1440

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: