BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
In 2024, bp and its co-venturers spent about $535 million in operating expenditure and about $1,293 million in capital expenditure on ACG activities.
In 2024, a new 4-dimensional (4D) high-definition ocean bottom node seismic programme was launched on ACG. The programme, which focuses on the Balakhany and Fasila reservoirs, covers an area of 740 square kilometres under source and 507 square kilometres under receivers, with a total cost of around $370 million and a duration of five years (2024-2028). This is the largest-ever seismic acquisition commitment made by bp globally by all its aspects – area size, cost and programme duration. The seismic acquisition scope planned for 2024 was completed safely and ahead of schedule with the seismic processing of the acquired data currently ongoing.
Production
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).
At the end of the year, 148 oil wells were producing, while 46 were used for water and seven for gas injection.
Associated gas
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.
Non-associated gas (NAG)
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.
Chirag is an offshore production, drilling and quarters (PDQ) platform located 120km east of Baku in the Caspian Sea, at a water depth of 120 metres . The platform has been in operation since 1997 producing the so-called Early Oil from the ACG field.
Chirag facilities include:
The Chirag platform has both producing and water injection wells to handle water injection to increase oil recovery.
Total Chirag production during 2024 was on average about 23,000 barrels per day.
On 9 March 2010, the Steering Committee for the development of the Azeri, Chirag and deepwater portion of the Gunashli (ACG) fields sanctioned investment in the new Chirag Oil Project (COP). The $6 billion development plan was the next major step in the ongoing development of the ACG field in the Azerbaijan sector of the Caspian Sea. The project was planned to increase oil production and recovery from the ACG field through a new offshore facility – West Chirag platform, which was designed to fill a critical gap in the field infrastructure between the existing Deepwater Gunashli (DWG) and Chirag platforms.
West Chirag(WC) is an offshore production, drilling and quarters (PDQ) platform located at a water depth of about 170 metres between the existing Chirag and Deepwater Gunashli platforms.
West Chirag facilities include:
On 28 January 2014 WC production began from one of the pre-drilled wells - J05. The oil first passed through the newly installed processing facilities on the platform and then was exported to the Sangachal Terminal via a new in-field pipeline linked to an existing 30” subsea export pipeline. Production increased as the other pre-drilled wells were brought on line.
Total WC production during 2024 was on average about 29,000 barrels per day.
East Azeri (EA) is an offshore production, drilling and quarters (PDQ) platform located 100km off Baku coast in the Caspian Sea, at 152 metres of water depth. The platform has been been in operation since 2006 producing oil from the eastern part of the ACG field.
East Azeri facilities include:
Total EA production during 2024 was on average about 51,000 barrels per day.
Azeri Central East (ACE) is an offshore production, drilling and quarters (PDQ) platform located midway between the existing Central Azeri and East Azeri platforms in a water depth of 137 metres. The platform has been in operation since April 2024.
Azeri Central East facilities include:
Total ACE production during 2024 was on average about 10,000 barrels per day.
Central Azeri (CA) is an offshore production, drilling and quarters (PDQ) platform located 100km east of Baku in the Caspian Sea at a water depth of 128 metres. The platform has been in operation since February 2005 producing oil from the central portion of the ACG field.
In addition to the PDQ, a compression and water injection platform (C&WP) is installed in Central Azeri and bridge-linked to the PDQ to create a major offshore complex encompassing accommodation, drilling, production, processing, compression and re-injection facilities. C&WP provides water and gas injection services to the Central, West and East Azeri platforms, manage associated gas export and provide electrical power using 10 Rolls Royce turbines.
Central Azeri facilities include:
Total CA production during 2024 was on average about 97,000 barrels per day.
West Azeri (WA) is an offshore production, drilling and quarters (PDQ) platform located 100km off Baku in the Caspian Sea at a water depth of 120 meters . The platform has been in operation since December 2005 producing oil from the western portion of the ACG field.
West Azeri facilities include:
WA oil production began from the first of the three pre-drilled
production wells on 20 December 2005. On 4 January 2006 WA oil reached the Sangachal terminal.
Total WA production during 2024 was on average about 75,000 barrels per day.
Deepwater Gunashli (DWG) complex is the third phase of development of the ACG field in the Azerbaijan sector of the Caspian Sea. it is located on the east side of the Gunashli field at 175 metres of water depth. The platform has been in operation since April 2008 producing oil from the ACG field.
The complex comprises of two bridge-linked platforms:
Production export off the complex is via two 30 inch oil pipeline tie-ins and a single 28 inch gas pipeline tie-in into pre-installed pipeline junctions located on the Azeri field subsea export pipelines to the onshore Sangachal Terminal . In addition, uniquely for the ACG project, three subsea water injection wells have been installed in the DWG development. Production from DWG is boosted by remarkable Caspian first – subsea water injection intended to ramp-up oil production by injecting seawater into DWG reservoir to increase its pressure
DWG DUQ facilities include:
PCWU facilities include:
Total DWG production during 2024 was on average about 57.000 barrels per day.