Friday, July 01, 2011
Knight Ridder/Tribune Business News
by E. Ismailov, Trend News Agency, Baku, Azerbaijan
The Alliance Amec-Tekfen-Azfen (ATA) will complete the construction of topside structures and drilling facilities for the new platform within the Chirag oil project to increase oil production on the block Azeri-Chirag-Guneshli in March 2013, a source on the oil and gas market said.
The source said that at present, some elements of the topsides and rig are being assembled. They are planned to be completed in the second quarter of next year. About 70 percent of the work within the wellhead platform was conducted. "According to the plan of operations, the drilling sites are planned to be installed in May next year," the source said.
The source said that it is planned to mount a rig next month. All the necessary elements will be imported from Poland.
The construction process consists of two stages. The first stage is the production of the necessary elements, and the second stage involves their installation.
ATA has engaged in construction of the topsides of one of the technological platforms. Chirag oil project envisages construction of a new platform called West Chirag. The platform will be installed at a depth of 170 meters between the already-running production platforms Chirag and Guneshli.
Chirag oil project envisages investments in the amount of $6 billion.
Outstripping drilling, under the project covered in the second half of 2010, will go on until the first half of 2012. The Dede Gorgud rig will perform the drilling, with production from the platform expected to begin late 2013.
In total, 300 million barrels of oil are expected to be produced under the ACG contract by the end of 2024.
ACG participating interests are BP with 34.43 percent, Chevron with 11.27 percent, SOCAR with 10 percent, INPEX with 10.96 percent, StatOil with 8.6 percent, Exxon with 8 percent, TPAO with 6.8 percent, Itochu with 4.3 percent and Hess with 2.72 percent.
Copyright (c) 2011, Trend News Agency, Baku, Azerbaijan
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