ACE is the seventh oil platform on the Azeri-Chirag-Gunashli field in the Caspian Sea, which first began production in 1997 and has since produced over 4.3 billion barrels of oil. BP has a 30.37% interest in the field.
The ACE platform and related facilities are designed to process up to 100,000 bopd and the project is expected to produce up to 300 million barrels over its lifetime. Oil will be exported via a new pipeline to BP’s Sangachal oil and gas terminal, located onshore 55 kilometres south of Baku.
ACE production is expected to increase through 2024 to around 24,000 bopd as two more planned wells are drilled, completed and brought online.
Photo of Azeri Central East platform courtesy of BP
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More
This website uses cookies.