twitter
youtube
instagram
facebook
telegram
apple store
play market
ru
arm
search
WHAT ARE YOU LOOKING FOR ?






Any use of materials is allowed only if there is a hyperlink to Caliber.az
Caliber.az © 2024. .
ECONOMICS
A+
A-

bp nearing completion of drilling of new appraisal well at ACG

31 May 2023 14:41

A vice-president of bp has said that the company has almost completed the drilling of an appraisal well to determine the productivity of deep gas layers in the Azeri-Chirag-Guneshli (ACG) field block located in the Azerbaijan sector of the Caspian Sea.

"Depending on the properties of the rocks and the technological possibilities, there are points such as analysis, comparison, and discussion with colleagues. All this is a matter that takes some time. I assume that the main work has been completed there," Bakhtiyar Aslanbayli, bp Vice President for Caspian Communications and External Affairs, told journalists on May 31, according to Report.

According to him, the obtained information is expected to be made public by the end of the summer.

ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGCVidesh (2.31%).

BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement. In 2022, bp spent about $470 million in operating expenditure and $1,624 million in capital expenditure on ACG activities.

Caliber.Az
Views: 211

share-lineLiked the story? Share it on social media!
print
copy link
Ссылка скопирована
youtube
Follow us on Youtube
Follow us on Youtube
ECONOMICS
The most important news of economy in Azerbaijan