Azeri-Chirag-Guneshli is a producing conventional oil field located in shallow water in Azerbaijan and is operated by BP Exploration (Caspian Sea). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Azeri Chirag Gunashli, with water depth of 669 feet. Buy the profile here.
An expansion project is associated with the Azeri-Chirag-Guneshli, namely the Azeri-Central East . This project is currently in the commissioning stage, expected to start in 2024.
Field participation details
The field is owned by BP, Equinor, Exxon Mobil, Inpex, Itochu, MOL Hungarian Oil and Gas, Oil and Natural Gas, State Oil Company of the Azerbaijan Republic and Turkiye Petrolleri Anonim Ortakligi.
Production from Azeri-Chirag-Guneshli
The Azeri-Chirag-Guneshli conventional oil field recovered 59.06% 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 387.00 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 41% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 3,090.14 Mmboe, comprised of 2,904.29 Mmbbl of crude oil & condensate and 1,115.07 bcf of natural gas reserves. Azeri-Chirag-Guneshli conventional oil field reserves accounts 0.69% 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: Eni, KBR, BOS Shelf and Star Gulf FZCO
EPC Contractors: Eni, Subsea 7, BOS Shelf, Star Gulf FZCO and Emtunga Solutions
Other Contractors: Eni, Acteon Group, AVK Holding, Favuseal and Absheron Drilling
For more details on the Azeri-Chirag-Guneshli Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
