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BP cannot yet solve problem of oil extraction at key oil block in Azerbaijan

Published: November 17, 2012 | 8:41 am
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Baku, Fineko/abc.az. Detailed inspection of the system of oil production from filed block Azeri-Chirag-Gunashli (ACG) was carried out by BP, the technical operator of the project.

According to BP Azerbaijan, BP manager for strata geology Jan Kavana conducted examination to specify oil production plans for 013 and identify capabilities of solution of technical questions on the block.

“In our opinion, these issues are important for feasibility evaluation of oil production in 2013 and in subsequent years. We’ve prepared a plan and agreed measures on management of reservoir pressure and production decline, well control and optimization of the system, as well as measures on introduction of global technological experience in control of sand,” Mr. Kavana said.

BP will also send 12 strata geology experts to Baku to solve the problems in oil production from the ACG block.

The PSA for ACG development was signed in September 1994, and received the designation of “The Contract of the Century” in Azerbaijan. For already 3 years, BP has upset its own plans on production from the block. Now it is planned to stabilize production at around 35 million tons against the previous optimistic estimates of 50-60 million tons a year.

abc.az

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