Approximately $817 million was spent on operations at the Azeri-Chirag-Gunashli (ACG) oil and gas field block during the first half of this year, APA-Economics reports, citing BP’s report on its operations in Azerbaijan for the first half of the current year.
According to the report, approximately $259 million was spent on operating expenses and $558 million on capital expenditures related to ACG activities during the reporting period.
“As part of the 4D high-resolution ocean bottom node seismic acquisition program at the ACG field, the processing of seismic data acquired in 2024 was completed in the first half of this year, and the data acquisition for the second year commenced in June,” the report notes.
It is stated that in the first half of 2025, stable production from ACG continued in a safe and reliable manner. For the first six months, total production from ACG averaged 327,000 barrels per day, amounting to approximately 59 million barrels or 8 million tonnes overall.
It is noted that in the second quarter, after an approximately four-year pause, the ACG project successfully resumed water injection into the reservoirs from the Chirag platform. To achieve this, several key upgrades were carried out on the platform: water injection pumps were redesigned and modified, the control system was rebuilt, and a new water injector well was drilled. For the first time on the Chirag platform, this well was drilled using electricity generated by the existing topside and drilling generators without the need for a separate diesel generator.
“In addition, during the second quarter, the first gas injector well from the ACE platform was safely and successfully brought online in line with the schedule,” the report emphasizes.
As of the end of June, a total of 143 oil production wells, 46 water injector wells, and 10 gas injector wells were in operation at ACG. In the first half of the year, 3 oil production wells, 3 water injector wells, and 1 gas injector well were drilled and completed at ACG.
It should be noted that the current ACG participating interests are as follows: BP – 30.37% (operator), AzACG (SOCAR) – 31.65%, MOL – 9.57%, Inpex – 9.31%, ExxonMobil – 6.79%, TPAO – 5.73%, Itochu – 3.65%, and ONGC Videsh Ltd. (OVL) – 2.92%.
