“During the year, ACG continued to safely and reliably deliver stable production. Total ACG production for the full year was on average about 342,000 barrels per day (b/d) (about 125 million barrels or 16 million tonnes in total) from the Chirag (23,000 b/d), Central Azeri (97,000 b/d), West Azeri (75,000 b/d), East Azeri (51,000 b/d), Deepwater Gunashli (57,000 b/d), West Chirag (29,000 b/d) and ACE (10,000 b/d) platforms, according to bp Azerbaijan’s 2024 full year results released on Thursday.
The company said in the fourth quarter, ACG achieved 600 million tonnes of total oil production.
“At the end of the year, 148 oil wells were producing, while 46 were used for water and seven for gas injection.
In 2024, ACG completed 14 oil producer, three water injector, one gas injector and one cuttings re-injector wells.
During the year, ACG delivered an average of around 7 million cubic metres per day of ACG associated gas to the state of Azerbaijan (2.5 billion cubic metres 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.
On 20 September 2024, SOCAR together with bp and other ACG co-venturers announced the signing of an addendum to the existing ACG production sharing agreement (PSA) to progress the exploration, appraisal, development of and production from the NAG reservoirs of the ACG field. The NAG resources of ACG are believed to be significant, with up to 4 trillion cubic feet (tcf) in place.
In accordance with the addendum, SOCAR and ACG co-venturers are now planning the next steps for the development of NAG reservoirs. As part of this, an initial well is being drilled to produce gas from two priority reservoirs. The well is important as it will also deliver appraisal through production which is expected to underpin future development plans.
The well is drilled from the existing West Chirag platform with the first gas production expected in late 2025,” the company added.
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