BP’s Azerbaijani Oil Field Could Be a Game-Changer for Baku ...Middle East

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BP’s Azerbaijani Oil Field Could Be a Game-Changer for Baku
source : OILPRICE ( Middle East ) () 55
Azerbaijan will get a welcome earnings boost from BP’s announcement that it has launched production at a new $6-billion facility in Azerbaijan’s giant Azeri-Chirag-Gunashli oil field. The upgrade can boost the field’s output by as much as 25 percent. Dubbed Azeri-Central-East (ACE), the facility consists of a new production platform 130 kilometers offshore in Azerbaijan’s sector of the Caspian Sea. Currently ACE boasts a single well drilled to a depth of 3,150 meters with two more wells to be drilled this year, raising ACE’S…

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