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  • Azeri-Chirag-Gunashli Oil Fields start additional production in the Caspian Sea, Azerbaijan (Chirag Oil Project)
    édité le 30/01/2014 - Plus de news de "INPEX" - Voir la fiche entreprise de "INPEX"


Azeri-Chirag-Gunashli Oil Fields start additional production in the Caspian Sea, Azerbaijan (Chirag Oil Project)
INPEX CORPORATION (INPEX) is pleased to announce that its subsidiary, INPEX South West Caspian Sea, Ltd., has commenced additional oil production from both the existing Chirag oil field and the deepwater portion of the Gunashli oil field including their shallow parts on 28 January this year, in addition to the current oil production from the Azeri-Chirag-Gunashli (ACG) Oil Fields. The additional oil development is called the Chirag Oil Project (COP), which had started in 2010.


The ACG Oil Fields are located approximately 100km east of Baku, Azerbaijan in the Caspian Sea, currently producing oil at the rate of approximately 600,000 barrels per day. The COP is a US$6billion further development plan for the ACG Oil Fields.

Operations for additional oil production from the COP will be conducted using the pre-drilled wells and a newly installed production platform which is designed to have the capacity of 183,000 barrels of oil per day.

The oil produced from the COP will, together with the oil currently produced from the ACG Oil Fields, be delivered to the Sangachal Terminal, near Baku, and then transported through the BTC Pipeline, in which INPEX participates, to Ceyhan on Turkey’s Mediterranean coast via Tbilisi, Georgia, for export.

As addressed in “Medium-to Long Term Vision of INPEX,” INPEX has been actively carrying out exploration, development and production activities in order to enhance its E&P asset portfolio. The additional oil production from the COP is the result of such efforts. INPEX will further seek for opportunities to expand its development and production activities in the existing E&P projects as well.

About the Chirag Oil Project

The Chirag Oil Project (COP) is a $6 billion further development plan for ACG. Over $4 billion of the total project capital expenditure has been used in the construction of facilities and the pre-drill programme, and the balance of the sum will be spent on the platform development well drilling during the production period. This major investment will contribute to optimizing recovery from the ACG field.

For the first time in the history of Azerbaijan’s world-class construction sites, the West Chirag platform fabrication work was fully undertaken in the country using local resources.

The details of the ACG Oil Fields project

Field: ACG Oil Fields
Field Area: 432.4km2
Water Depth: 100 - 400m
Field Location Approximately: 100km east of Baku
Participating Interests:
- INPEX South West Caspian Sea, Ltd. 10.96%
- BP (Operator) 35.78%
- SOCAR 11.65%
- Chevron 11.27%
- Statoil 8.56%
- ExxonMobil 8.00%
- TPAO 6.75%

About INPEX

INPEX CORPORATION is a worldwide oil and gas exploration and production company currently involved in more than 70 projects across 29 countries. INPEX is ranked in the top 100 global energy companies and is listed on the Tokyo Stock Exchange. INPEX has Public Relations Group, Corporate Communications Unit Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPANbeen a part of the Australian business community since 1986 and is involved in a number of projects in Australia and the Timor Sea, including the large-scale Ichthys LNG Project, Van Gogh Project, Ravensworth Project, Bayu-Undan Development and Darwin LNG.


Origine : Communiqué INPEX

Voir la fiche entreprise de "INPEX"



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