BP produces 3 billionth barrel of oil from Caspian Sea

BP produces 3 billionth barrel of oil from Caspian Sea

The Azeri Chirag Guneshli field, operated by oil giant BP (LSE:BP), has produced its three billionth barrel of oil on Tuesday since the start of production from the Chirag platform in 1997.

Located in the Caspian Sea, offshore Azerbaijan, the ACG is a complex of six production platforms: Chirag-1, Central Azeri, West Azeri, East Azeri, Deepwater Gunashli, West Chirag; and two process, gas compression, water injection and utilities (PCWU) platforms equipped with the latest technologies.

Gordon Birrell, BP regional president for Azerbaijan-Georgia-Turkey said: “This is a significant milestone for both BP and for Azerbaijan and it is thanks to huge efforts by all individuals and teams involved. I would like to thank everybody who made this day happen.”

The ACG field has been developed in several phases: Chirag started producing in 1997 as part of the Early Oil Project. This was followed by Phase 1, the Azeri Project, where production started from the Central Azeri platform in 2005.

Phase 2 included West Azeri and East Azeri, starting production in December 2005 and in late 2006. The next development phase – Phase 3 Deepwater Gunashli started in April 2008.

The final phase in the series was the Chirag Oil Project, which was sanctioned in 2010. The West Chirag platform was installed between the existing Chirag and Deepwater Gunashli platforms as part of this phase.

First oil from the platform was reached on 28 January 2018.