BP and partners to invest US$6bnfor oilfield development

摘要

BP AND its partners are to invest US$6bn in the Azeri Central East(ACE)project to further develop their Azeri-Chirag-Deep-water Gunashi(ACG)oilfield complex in the Caspian Sea.To date,the partners have invested US$36bn in ACG.ACG is located in the Azerbaijan sector of the Caspian Sea.Considered a’supergiant’field,more than 3-5bn bbl(474m t)of oil have been produced from it to date.It currently has eight offshore platforms,which includes six production platforms and two process,gas compression,water injection,and utilities platforms.In 2018,the total production from ACG averaged 584,000 bbl/d.The new development project includes a new offshore platform and facilities to process up to 100,000 bbl/d of oil.The project is expected to achieve first production in 2023 and to produce up to 300m bbl of oil in its lifetime.