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.