Gordon Birrell: Azerbaijan’s oil and gas fields have ‘long future’

Economy 13:38 31.07.2023
BP's Azeri offshore oil and gas fields still have a "long future", upstream executive vice-president Gordon Birrell told Argus, Ednews informs.
 
According to him, BP is working to boost production at the 1.2 trillion m³ Shakh Deniz field and on initiatives to slow the natural output decline at the Azeri-Chirag-Gunashli (ACG) oil development.
 
Birrell said that Shakh Deniz should reach its 26bn m³/yr plateau this year and BP is keen to boost output further. Infill drilling is under way to enhance recovery and BP is drilling a deep gas well beneath the main production horizon. "Clearly, if we have a big new deep discovery there, we'll look at developing it," Birrell says. "And it's good quality gas. It's now piped all the way to Italy, through Azerbaijan, Georgia, Türkiye, Greece and Albania."
 
But BP and its partners in the AIOC consortium are doing what they can to boost ACG's longevity, Birrell says. "There's a long future for ACG. It's a giant oil field, it's great geology," he said, while acknowledging that its "prolific" reservoirs decline over time. "Our job is to flatten that decline out, and that's exactly what we're doing right now." Azeri state-owned Socar, an AIOC partner holding 25pc, estimated recoverable reserves at around 7bn bl in 2009.
 
BP is working on "two big thrusts" at ACG. "Number one is the new Ace [Azeri Central East] platform," Birrell said. The platform is designed to process up to 100,000 b/d and will enable the drilling of a series of wells to the east of the ACG contract area — the underdeveloped side.
 
The second thrust involves maximizing full life-of-field recovery at ACG. "That means a couple of big things. The historical reservoir we've developed — the world-class Fasila reservoir — is now pretty mature," Birrell says. "We are starting to develop the upper Balakhani reservoir and that needs more energy… requiring more gas injection, more water injection to flatten out the decline."
 
The focus on enhanced gas and water injection began 18 months ago and BP is "starting to see encouraging signs that that decline is flattening out". This is "a great example of BP's petro-technical capability" because it needs to get the balance "absolutely right" — neither letting production drop too much nor failing to achieve full recovery from the fields, Birrell said.
Slovakia’s prime minister injured in shooting - VIDEO

News line

Azerbaijani ambassador meets with Mevlut Cavusoglu
Azerbaijani ambassador meets with Mevlut Cavusoglu
21:04 15.05.2024
Kuwait’s newly formed government swear constitutional oath
20:45 15.05.2024
Member of European Parliament visits Shusha
20:30 15.05.2024
Russia's oil exports down to 5-month low due to drone attacks: profits fall
20:02 15.05.2024
UK intelligence analyses how Russia destroys cultural and historical monuments in Ukraine
19:40 15.05.2024
Ireland to recognise Palestinian state by end May, foreign minister says
19:20 15.05.2024
Blinken announces additional $2B in Ukraine aid
Blinken announces additional $2B in Ukraine aid
19:00 15.05.2024
EU may freeze Georgia's entry bid over 'foreign agents' bill
EU may freeze Georgia's entry bid over 'foreign agents' bill
18:45 15.05.2024
One of protest participants beaten, taken to prison in Yerevan
17:52 15.05.2024
Arrest of Arayik Harutyunyan and other Armenian separatists extended
17:37 15.05.2024
Slovakia’s prime minister injured in shooting - VIDEO
17:19 15.05.2024
US Secretary of State Blinken announces $2 billion arms deal for Ukraine
17:05 15.05.2024
Azerbaijan's Presidential Administration Head met with Belarusian Deputy PM
Azerbaijan's Presidential Administration Head met with Belarusian Deputy PM
16:21 15.05.2024
Armenia's EU Aspirations: A Potential Echo of Ukraine's Fate? - OPINION
16:05 15.05.2024
Armenian president says South Caucasus can only develop if interests of all its countries considered
15:50 15.05.2024
European Commission cuts its forecast for eurozone growth in 2024 to 0.8%
European Commission cuts its forecast for eurozone growth in 2024 to 0.8%
15:40 15.05.2024
Macron to convene urgent session due to unrest in New Caledonia
15:29 15.05.2024
Russian general: Peacekeepers withdrawn after Armenia recognized Azerbaijan's territorial integrity
15:15 15.05.2024
Azerbaijan's deputy FM will join the Council of Europe's annual ministerial session.
15:12 15.05.2024
Azerbaijan weather forecast for May 16
Azerbaijan weather forecast for May 16
15:00 15.05.2024
Zelensky scraps foreign visits amid Russian advances
14:48 15.05.2024
Eight Azerbaijani citizens repatriated from Syria
14:26 15.05.2024
Khojaly hosts event to commemorate withdrawal of Russian Peacekeepers from Azerbaijan’s Karabakh
14:13 15.05.2024
Azerbaijan, Georgia and Türkiye discuss simplification of customs procedures
12:50 15.05.2024
Armenian Government Signals Interest in EU, Moscow Reaction Awaited - Expert talk on Ednews
12:40 15.05.2024
Russia welcomes Almaty meeting between FMs of Azerbaijan, Armenia
12:24 15.05.2024
Why is Microsoft planning to invest 4 billion euros in France?
Why is Microsoft planning to invest 4 billion euros in France?
12:07 15.05.2024
Galuzin: EU mission carries out clearly provocative activities in the Caucasus
11:50 15.05.2024
International Climate Day Celebrated on 15 May
11:33 15.05.2024
Ukraine presses Biden to lift ban on using US weapons to strike Russia
11:17 15.05.2024
Permanent rep: France misleading international community about processes in South Caucasus
11:02 15.05.2024
EBRD allocates 12 million euros to Armenia
10:28 15.05.2024
4 FMs from European countries came to Georgia
10:00 15.05.2024
Israeli army's losses since Oct.7 exceeds 620 soldiers
09:43 15.05.2024
14 trapped after lift collapse at Indian copper mine rescued
14 trapped after lift collapse at Indian copper mine rescued
09:30 15.05.2024
North Korean leader oversees tactical missile weapons system, KCNA says
09:18 15.05.2024
White House: Washington may reconsider relations with Georgia
09:00 15.05.2024
UK gave Ukraine permission to strike on Crimea with UK arms
22:00 14.05.2024
Ukrainian, French presidents discussed frontline situation in Kharkiv direction
21:30 14.05.2024
Azerbaijan discusses modeling of decarbonization with US company
21:00 14.05.2024
Hamısı