In 2024, a new 4-dimensional (4D) high-definition ocean bottom node seismic programme was launched on ACG. The programme, which focuses on the Balakhany and Fasila reservoirs, covers an area of 740 square kilometres under source and 507 square kilometres under receivers, with a total cost of around $370 million and a duration of five years (2024-2028). This is the largest-ever seismic acquisition commitment made by bp globally by all its aspects – area size, cost and programme duration. The seismic acquisition scope planned for this year has already been completed safely and ahead of schedule with the seismic processing of the acquired data currently ongoing.
In mid-April 2024, oil production commenced from the new Azeri Central East (ACE) platform - the seventh offshore platform installed on the giant ACG field in the Caspian Sea.
Initial production from ACE came from the first platform well at the end of last year. Currently production from ACE is around 19,000 barrels per day from two wells. It is expected that ACE production will increase through the remaining months of 2024 to around 24,000bpd as one more planned well is drilled, completed and brought online.
The ACE platform is technologically and digitally the most advanced bp-operated platform in the world. Its innovative engineering allows automation of labour-intensive processes, enabling safer and more efficient operations. The platform has a state-of-the-art fully automated drilling rig. The use of modern technology and new processes also helps to lower operational emissions.
The safe start-up of ACE delivers on the first major investment decision made by the ACG partnership since the signing of the extended ACG production sharing agreement in 2017.
AzVision.az
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