Azeri–Chirag–Gunashli
Azeri–Chirag–Gunashli | |
---|---|
TPAO, Itochu, ONGC Videsh | |
Field history | |
Discovery | 1985 |
Start of production | 1997 |
Peak year | 2010 |
Production | |
Current production of oil | 434,000 barrels per day (~2.16×10 7 t/a) |
Year of current production of oil | 2022 |
Current production of gas | 10×10 6 m3/d (350×10 6 cu ft/d) |
Estimated oil in place | 5,000 million barrels (~6.8×10 8 t) |
Azeri–Chirag–Gunashli (ACG,
BP reports that
History
Exploitation of the Azeri–Chirag–Gunashli development started in the beginning of 1990s. In January 1991, the Azerbaijani government announced separate international tenders of exploration rights for Azeri, Chirag, and Gunashli fields. In June 1991, a consortium of
At the first stage, the consortium started development drilling of the Chirag field in August 1997. First oil was produced in November 1997.[12] This development stage was also known as the Early Oil Project (EOP). Originally, produced oil was exported through the Baku–Novorossiysk pipeline. A contract on the oil transportation via Russia to the Black Sea port of Novorossiysk was signed on 18 February 1996. The oil transportation through the pipeline started on 25 October 1997.[13] For the diversification of the export routes, construction of the Baku–Supsa Pipeline was agreed in 1996.[13] The pipeline became operational in 1998 and was officially inaugurated in 1999.[12] At the Chirag field, the water injection project was implemented in 1999 and the drilling technology was upgraded in 2000.[12]
The second stage of the development consisted of the development of the Azeri field. The development of Azeri field started in 2002.
West Azeri drilling modules arrive in Baku in August 2004 and the platform launched in May 2005. The platform's topsides was installed in September 2005 and production started in January 2006.[12] East Azeri drilling modules and quarters arrived in Baku in June 2005 and the platform was launched in March 2006. The topside was installed in March 2006 and the production began in October 2006.[12]
The
On September 14, 2017, The Azerbaijan Government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh have signed an agreement to extend the PSA for ACG fields until 2049.[15]
On April 19, 2019, SOCAR president Rovnag Abdullayev and BP’s regional president for Azerbaijan, Georgia, and Turkey, Garry Johns signed a contract cost $6 billion. The final investment decision on the Azeri Central East (ACE) platform, which is planned to be built on the Azeri–Chirag–Gunashli (ACG) block, has been adopted at the signing ceremony. The construction is scheduled to start in 2019, and the completion is scheduled for mid-2022.[16][17][18][19]
Ownership
The founding consortium formed to develop the Azeri–Chirag–Gunashli project initially included
Lukoil sold its share in the project in 2003 to Inpex for $1.354 billion.[21]
On 23 November 2009, Devon Energy announced it would sell its share in ACG.[22] On 29 March 2013, Hess sold its stake to ONGC for $1 billion.[23]
In April 2020, Chevron sold all of its interest in Azeri–Chirag–Gunashli, including interests in the Western Export Route Pipeline and the Baku-Tbilisi-Ceyhan oil pipeline, to MOL Hungarian Oil and Gas PLC.[24]
In 2018, and again in May 2020, ExxonMobil put its stake in Azeri–Chirag–Gunashli up for sale.[25]
As of the first quarter of 2022, the participating shareholders of the Azeri–Chirag–Gunashli development were BP with a 30.37% stake, SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), Itochu (3.65%) and ONGCVidesh (2.31%). BP holds the major stake in the ownership and leads the AIOC consortium.[14]
Under a 2017 agreement to extend the production sharing to 2049, the interest of SOCAR, the Azeri state energy company, increased to 25% while the interests of the other shareholders were reduced.[26]
Production
With 3 stages completed and 7 operational platforms functional, total production from Azeri–Chirag–Gunashli was more than 1 million barrels (160,000 m3) a day in 2009.[10] During the first three quarters of 2009, over 224 million barrels (35.6×10 6 m3) of oil were produced from the Chirag, Central Azeri, West Azeri, East Azeri and Deep Water Gunashli platforms. As per BP's report, Chirag had 19 wells in operation (13 of which are oil producers and 6 - water injectors) with an overall production of 105,300 bbl/d (16,740 m3/d). Central Azeri (CA) had 18 wells (13 of which are oil producers and 5 - gas injectors) with production of 185,800 bbl/d (29,540 m3/d). West Azeri (WA) had 18 wells in operation (14 of which are oil producers and 4 - water injectors with production of 275,200 barrels per day (43,750 m3/d). East Azeri (EA) had 13 wells in operation (9 of which are oil producers and 4 - water injectors) with an overall production 139,400 barrels per day (22,160 m3/d) for the first three quarters of 2009. Deep Water Gunashli (DWG) had 17 wells (9 oil producers and 8 water injectors) in operation with production of 116,400 barrels per day (18,510 m3/d) of oil.[29]
Oil depletion rates of each of the Azeri–Chirag–Gunashli reservoirs are expected to differ over time, with aggregate output from the complex declining substantially after 2018.[28][27][30]
Azerbaijan also gets approximately 10–11 million cubic metres (350–390 million cubic feet) of
Casing head gas from platforms in central, western and eastern parts of Azeri field is supplied to
The total production rate of the ACG complex as of the first quarter of 2022 was 434,000 barrels per day (69,000 m3/d), having substantially declined from the peak output in 2010 of 835,000 barrels per day (132,800 m3/d).[2]
Routes of transportation
The oil from the ACG complex was pumped to Sangachal terminal south of Baku and from there routed to foreign markets by
See also
- Baku–Tbilisi–Ceyhan pipeline
- Baku-Supsa pipeline
- Baku–Novorossiysk pipeline
- Shah Deniz gas field
- South Caucasus Pipeline
- Sangachal Terminal
References
- ^ a b SOCAR website Azeri–Chirag–Guneshli Archived October 16, 2009, at the Wayback Machine
- ^ a b "Azeri-Chirag-Gunashli produced 175 million barrels of oil last year, BP Azerbaijan". bp.com 2022 First Quarter Results. Retrieved 2022-07-20.
- ^ Cavcic, Melisa (2022-01-03). "Azerbaijan's oil output drops down considerably from 2020 figures". Offshore Energy. Archived from the original on 2022-01-26. Retrieved 2022-07-20.
- The Jamestown Foundation. Archivedfrom the original on 2010-06-21. Retrieved 2009-11-25.
- ^ A.Badalova (2009-08-18). "Azerbaijani oil field third in IHS CERA ranking of world's 20 largest oil fields". Trend News Agency. Archived from the original on 2009-08-21. Retrieved 2009-11-24.
- ^ "U.S. Energy Information Administration (EIA)". www.eia.gov. Archived from the original on November 14, 2007.
- ^ Akiner, Shirin (2004). The Caspian: politics, energy and security. RoutledgeCurzon. p. 129.
- ^
Croissant, Michael P.; Aras, Bülent (1999). Oil and Geopolitics in the Caspian Sea Region. ISBN 9780275963958.
- ^ "Azeri-Chirag-Gunashli Oilfield - Offshore Technology | Oil and Gas News and Market Analysis". www.offshore-technology.com. Archived from the original on 2021-10-07. Retrieved 2021-10-07.
- ^ a b c Tarel Gusep. Translated by Theresa Murphy (2006-01-13). "West Azeri platform of the Azeri-Chirag-Guneshli offshore oilfield commences oil extraction". Caucaz europenews. Archived from the original on 2008-09-03. Retrieved 2009-11-24.
- ^ "BP reports over 1 bn barrel of oil production in Azeri-Chirag-Guneshli field". Vol. 14, no. 8. Alexander's Gas and Oil Connections. 2009-04-15. Retrieved 2009-11-24.
- ^ a b c d e f g h "History of Azeri-Chirag-Gunashli (ACG) Project - Baku (1994-2006)". Azerbaijan International. September 2006. Archived from the original on 2010-02-02. Retrieved 2009-11-25.
- ^ a b "Transport routes of Azerbaijani oil (Baku-Novorossiysk, Baku-Supsa)". Azerbaijan Portal. Archived from the original on 2009-02-19. Retrieved 2008-06-08.
- ^ a b "BP website. The largest oil field under development in the Azerbaijan sector of the Caspian basin". Archived from the original on 2012-06-14. Retrieved 2009-11-30.
- ^ "The Azerbaijan Government and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA". Archived from the original on 8 October 2017. Retrieved 8 October 2017.
- from the original on 2019-04-23. Retrieved 2019-04-24.
- ^ "BP, SOCAR sign deal to build new Azeri oil exploration platform". Reuters. 2019-04-19. Archived from the original on 2019-04-23. Retrieved 2019-04-24.
- ^ Foy, Henry; Raval, Anjli (19 April 2019). "BP leads $6bn of fresh investment in Azeri oil project". Financial Times. Archived from the original on 2019-04-20. Retrieved 2019-04-24.
- ^ "BP and SOCAR sign new Azeri oil deal". Arab News. 2019-04-19. Archived from the original on 2019-04-23. Retrieved 2019-04-24.
- ISSN 0362-4331. Retrieved 2022-07-20.
- ^ "Lukoil completes sale of its interest in the Azeri-Chirag-Gunashli project to Inpex" (Press release). Lukoil. 2003-04-28. Archived from the original on 2010-01-06. Retrieved 2009-12-08.
- ^ A.Badalova (2009-11-23). "U.S. company sells its stake in largest oil project in Azerbaijan". Trend News Agency. Archived from the original on 2009-11-26. Retrieved 2009-11-30.
- NHST Media Group. Archivedfrom the original on 2013-04-02. Retrieved 2012-09-08.
- ^ "Chevron sells Azerbaijan assets to MOL Hungarian Oil and Gas — Chevron.com". 2022-07-20. Archived from the original on 2022-07-20. Retrieved 2022-07-20.
- ^ "U.S. Energy Giant ExxonMobil Puts Stake In Azerbaijani Oil Field Up For Sale". RadioFreeEurope/RadioLiberty. Archived from the original on 2021-08-27. Retrieved 2022-07-20.
- ^ Bagirova, Nailia; Bousso, Ron (14 September 2017). "BP-led group extends Azeri oil "contract of the century"". Reuters. Archived from the original on 14 September 2017. Retrieved 14 September 2017.
- ^ a b "International - U.S. Energy Information Administration (EIA)". www.eia.gov. Archived from the original on 2022-06-02. Retrieved 2022-07-20.
- ^ ISSN 1070-485X. Archived from the originalon 2022-07-20.
- ^ "BP Azerbaijan 3Q 2009 Business Update". Archived from the original on November 23, 2010.
- ^ Azeri Chirag Gunashli Full Field Development Environmental and Socio-Eeconomic Impact Assessment (PDF). BP. 2007. pp. 5–2. Archived from the original (PDF) on 2022-07-20.
- ^ "Azerbaijan willing to get more casing head gas from Azeri-Chirag-Guneshli fields". Public Finance Monitoring Center. 2009-05-05. Archived from the original on 2011-07-06. Retrieved 2009-11-25.
- ^ "Recoverable reserves at Azerbaijan's Azeri-Chirag-Gunashli fields estimated at nearly 1 billion tons". Today.az. 2009-09-02. Archived from the original on 2009-09-07. Retrieved 2009-12-09.