ACG Still Has Billions of More Barrels to Recover: Wood Mackenzie
There are still billions more barrels to recover and billions of dollars to invest in Azeri-Chirag-Gunashli (ACG), Ashley Sherman, Principal Research Analyst – Caspian & Europe at Wood Mackenzie research and consulting company told Trend. He made the remarks on the occasion of the 25th anniversary of signing of the Contract …
ACG Shareholders Considering Buying Exxon and Chevron Shares
Shareholders of the project for development of Azeri-Chirag-Gunashli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea are considering buying shares held by the U.S. ExxonMobil Corporation and Chevron, Elshad Nasirov vice president for marketing and investment at Azerbaijan’s state oil company SOCAR told Bloomberg. …
BP Talks Deep Gas Production at ACG in Azerbaijan
BP is planning to start deep gas production in the Azeri-Chirag-Gunashli (ACG) block located in the Azerbaijani sector of the Caspian Sea. Negotiations continue on deep gas production from the Azeri-Chirag-Gunashli (ACG) block, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend on January 28. He said that deep gas at the ACG …
BP Announces Plans on Drilling New Wells in Azerbaijan for 2019
BP plans to drill four new wells at Azerbaijan’s oil and gas fields in 2019, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend. In particular, he noted that two exploration wells will be drilled in the shallow waters around the Absheron Peninsula [SWAP project], one well at the Shafag-Asiman block …
BP Announces Production Forecast at ACG in 2019
The production of Azeri-Chirag-Gunashli (ACG) blocks in the Azerbaijani sector of the Caspian Sea in 2019 is expected to remain approximately at the level of 2018. This was stated by BP Azerbaijan Vice President Bakhtiyar Aslanbayli in Baku on December 13. “In 2019, the production at the Azeri-Chirag-Guneshli field is expected …