Deepwater Gunashli plans approved on Caspian PSA anniversary

BP and partners received approval for the final development phase of the Azeri-Chirag-deepwater Gunashli (ACG) project in the Azerbaijan sector of the Caspian Sea. This phase targets drilling in the deepwater Gunashli field and West Chirag field from a planned 48-slot drilling, utilities, and quarters platform that will be bridge-linked to a production, compression, water injection, and utilities platform. Click here to enlarge imageThe ACG contract area covers 432 sq km, east-southeast of Baku, in water 100-400 m deep (Fig. 1). Recoverable reserves are estimated to be 5.4 billion bbl.The State Oil Co. of the Azerbaijan Republic (SOCAR) and the Azerbaijan International Operating Co. (AIO...

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