Azeri Central East development, Azerbaijan
Name of the Project
Azeri Central East (ACE) development.
Location
The project is located off the shore of Azerbaijan in the Caspian Sea.
The ACE project is centred on a new 48-slot production, drilling and quarters platform located midway between the existing Central Azeri and East Azeri platforms in water about 140 m deep.
Project Owner/s
The project is being developed by the ACG Production Sharing Agreement (PSA). BP has a 30.37% shareholding and operates the ACG PSA.
Partners include SOCAR/AzACG (25%), Chevron (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%) and ONGC Videsh Limited (OVL) (2.31%).
Project Description
The ACE project is the next stage of development of the giant Azeri-Chirag deep-water Gunashli (ACG) oilfield complex. ACG is a supergiant field and, to date, more than 3.5-billion barrels of oil have been produced from the field.
The ACE project includes a new offshore platform and facilities designed to process up to 100 000 bbl/d of oil and produce up to 300-million barrels over its lifetime.
The project will include new infield pipelines to transfer oil and gas from the ACE platform to the existing ACG Phase 2 oil and gas export pipelines for transportation to the onshore Sangachal terminal.
In addition, there will be a water injection pipeline installed between the East Azeri and ACE platforms to supply injection water from the Central Azeri compression and water injection platform to the ACE facilities.
Potential Job Creation
It is expected that, at peak, construction activities will create up to 8 000 jobs.
Capital Expenditure
$6-billion.
Planned Start/End Date
Construction activities will start this year and will run until mid-2022, and the project is expected to achieve first production in 2023.
Latest Developments
The ACE project was sanctioned in April.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
BP press office (London), tel +44 20 7496 4076 or email bppress@bp.com.
BP Azerbaijan, Tamam Bayatly, tel +99412 525 58 95.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation