Page 11 - FSUOGM Week 50 2022

FSUOGM PROJECTS & COMPANIES FSUOGM

Aliyev sends the support block of the

Central East Azeri platform to the sea

AZERBAIJAN AZERBAIJANI President Ilham Aliyev took of the ACG block development project in Baku
part in the ceremony of sending the support signed a final investment decision on the $6bn
The platform will ramp block of the Central East Azeri (CEA) platform CEA project, of which about $3.2bn is construc-
up output at the ACG to sea on 13 December, the website of Aliyev - tion costs, and the rest is development costs,
project. President.az – reported. including drilling new wells.
The supporting block was built at the Baku The project provides for the construction
plant of deep-water foundations within the at a depth of 137 metres of a new production
framework of the Central East Azeri project. and drilling platform with a residential block
The height of the support block will be 153 between the platforms Central Azeri and East
metres, and the total weight of the piles will Azeri. The contract for the development of the
be 9,000 tonnes. bp expects to start producing Azeri, Chirag and deepwater Gunashli fields
the first oil under the CEA project by the end was signed in 1994.
of 2023. Oil production at the block began in Novem-
Currently, there are six production platforms ber 1997. This agreement expires in 2024. How-
operating on the Azeri-Chirag-Guneshli block. ever, on September 14, 2017, a new contract for
The CEA project is the next stage in the devel- the development of the ACG block, calculated
opment of the Azeri-Chirag-Guneshli block of until 2050, was signed in Baku. Under the new
fields. Within the framework of the project, it is contract, the share of BP (project operator) is
planned to drill 48 wells, which will be carried 30.37%, SOCAR 25%, Hungarian MOL 9.57%,
out by Turan Drilling Company. American ExxonMobil 6.79%, Indian ONGC
The aim of the CEA project is to achieve daily 2.31%, Japanese Inpex Corp. and Itochu Oil
peak production of up to 100,000 barrels of oil 9.31% and 3.65%, respectively, Norwegian
and 350,000 cubic feet of gas by drilling addi- Equinor 7.27%, Turkish TPAO 5.73%. In 2021,
tional wells and installing additional offshore about 167mn barrels were produced from the
facilities. On April 19, 2019, the shareholders AC block (a decrease of 4.6% from 2020). ™

Week 50 15•December•2022 www. NEWSBASE .com P11