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Azerbaijan's 3 wells top list of BP's most productive wells

22 July 2014 15:27 (UTC+04:00)
Azerbaijan's 3 wells top list of BP's most productive wells

By Aynur Jafarova

In 2013, Azerbaijan's three production wells at the giant Shah Deniz gas condensate field in the Caspian Sea topped the list of 29 most productive wells operated by the British BP company.

The news was announced in BP's Sustainability Report 2013.

These three production wells with a daily debit of 46,980, 46,270 and 44,940 barrels of oil equivalent, respectively, took the first three places in the list of 29 most productive wells of 2013.

"Two more wells in the Shah Deniz field also took the sixth and ninth places, respectively, in the mentioned list," BP noted.

The Shah Deniz field, one of the world's largest gas-condensate fields, was discovered in 1999. Its reserves are estimated at 1.23 trillion cubic meters of gas. Overall, the field has proved to be a secure and reliable supplier of gas to Azerbaijan, Georgia, Turkey, and Europe.

BP also said Azerbaijan International Operating Company (AIOC) invested $43.1 billion in the country's energy projects from 1995 to 2013.

"The mentioned funds were invested in the development of Azeri-Chirag-Gunashli (ACG) and Shah Deniz fields, as well as the Baku-Tbilisi-Ceyhan (BTC) oil pipeline and South Caucasus gas pipeline," BP said.

BP said 47.3 billion cubic meters of gas and 99.5 million barrels of gas condensates were produced at Shah Deniz's gas condensate field in 2006-2013.

BP also said around 2.3 billion barrels of oil was produced at the ACG block of oil and gas fields in 1997-2013.

The ACG block of fields has been active since 1997. Production started from the Chirag part of the field and followed successfully by the Azeri Project; Central Azeri production in February 2005, West Azeri began producing in December 2005, and East Azeri came on stream in October 2006.

The Deepwater Gunashli section launched production in April 2008.

The oil reserves of this field are estimated at around a billion tons.

BP noted about 1.83 billion barrels (245.4 million tons) of oil were transported and supplied to the world market via the BTC pipeline in 2006-2013.

The 1,768-km BTC pipeline became operational in June 2006. BTC's throughput capacity is currently 1.2 million barrels per day. In 2013, BTC exported about 247.2 million barrels of crude oil loaded on 329 tankers at Ceyhan.

The South Caucasus Pipeline has been operational since late 2006, transporting gas to Azerbaijan and Georgia. It started transporting to Turkey in 2007 from the first stage of development of Shah Deniz field.

Its shareholders are BP, operator (28.8 percent), SOCAR (16.7 percent), Statoil (15.5 percent), Total (10 percent), Lukoil (10 percent), NICO (10 percent) and TPAO (9 percent).

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