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November 23, 2021

Azeri-Chirag-Guneshli Conventional Oil Field, Azerbaijan

By Carmen

Azeri-Chirag-Guneshli is a producing conventional oil field located in shallow water in Azerbaijan and is operated by BP Exploration (Caspian Sea). The field is located in block Azeri Chirag Gunashli, with water depth of 669 feet.

An expansion project is associated with the Azeri-Chirag-Guneshli, namely Azeri-Central East . This project is currently in the construction stage, expected to start in 2023.

Field participation details

The field is owned by BP, State Oil Company of the Azerbaijan Republic, Exxon Mobil, Equinor, Turkiye Petrolleri Anonim Ortakligi, MOL Hungarian Oil and Gas, Inpex, Itochu and Oil and Natural Gas.


Production from Azeri-Chirag-Guneshli

The Azeri-Chirag-Guneshli conventional oil field recovered 51.67% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 816.99 thousand bpd of crude oil and condensate and 387 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 49% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 3,840.11 Mmboe, comprised of 3,630.63 Mmbbl of crude oil & condensate and 1,256.91 bcf of natural gas reserves. Azeri-Chirag-Guneshli conventional oil field reserves accounts 0.79% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Azeri-Chirag-Guneshli conventional oil field

Some of the key contractors involved in the Azeri-Chirag-Guneshli project as follows.

Design/FEED Engineering: BOS Shelf, Eni, KBR and Star Gulf FZCO

EPC Contractors: BOS Shelf, Emtunga Solutions, Eni, Star Gulf FZCO and Subsea 7

Other Contractors: Absheron Drilling, Acteon Group, AVK Holding, Eni and Favuseal

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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