ECONOMY


ACG celebrates 4 billion barrels production milestone

Baku, September 20, AZERTAC

bp as the operator of the Azeri-Chirag-Gunashli (ACG) oil field has announced on behalf of the co-venturers in the ACG project – SOCAR, MOL, INPEX, Equinor, ExxonMobil, TPAO, ITOCHU, ONGC Videsh Limited (OVL) – that on 18 September 2021 the field produced the 4 billionth barrel of oil.

The 4 billion barrels total production has been transported primarily via the Baku-Tbilisi-Ceyhan (BTC) and Western Route Export pipelines from the Sangachal terminal near Baku across Azerbaijan, Georgia and Turkey to the world markets. To date, BTC has transported around 3.7 billion barrels of oil loaded mostly with ACG oil on 4,847 tankers.

Gary Jones, bp’s regional president for Azerbaijan, Georgia and Turkey, said: “This is a great milestone that once again demonstrates that ACG is a world-class field. As operator of ACG we are proud of the field’s amazing delivery story which will continue for many decades to come. The field started production from the Chirag platform on 7 November 1997. Since then, Chirag has made quite a history. Now 24 years later, joined by seven modern, high tech platforms, the historic Chirag continues to play a big role in the safe, efficient and reliable production delivery of ACG.

“Today, Azerbaijan is celebrating the 27th anniversary of the signing of the ‘Contract of the Century’ which is an important day in Azerbaijan’s new history marked as Oil Workers’ Day. The 4 billion barrels of total production achievement is ACG’s truly remarkable gift to the celebration of the day. As well as achieving this major production milestone, delivering significant profits to the country and to its shareholders and opening major sustainable development opportunities in local communities, ACG has turned the Caspian into one of the leading energy producing areas and technologically most advanced oil and gas development regions of the world. As operator we remain committed to working closely with the government, SOCAR and other co-venturers to ensure ACG’s fantastic contribution to the country for the next three decades.”

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