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LIVE

Friday, 21 November, 2008, 17:50 GMT | more >>

Maintenance to crimp ACG flows

By Upstream staff

The BP-led AIOC consortium will carry out two weeks of maintenance at the Azeri-Chirag-Guneshi (ACG) fields, in the Azeri sector of the Caspian Sea, forcing output from the development to be cut back for a time, a group official said today.

The AIOC official said the maintenance is needed to connect new gas processing facilities to three offshore oil producing platforms.

AIOC is developing the giant AGC fields and wants to boostoutput to an average of 708,000 barrels per day this year from 472,000 bpd last year. Oil is mainly exports via the Turkish Mediterranean port of Ceyhan and the Black Sea ports of Batumi, Supsa and Novorossiisk.

Out of the ACG fields, only two deposits - Azeri and Chirag - are already producing, while Guneshli will be put on stream later this decade to increase output to over 1 million bpd.

The maintenance is planned on Azeri, the biggest of the three, which is expected to produce an average of 567,000 bpd this year.

AIOC does not disclose its daily production volumes. The official did not tell Reuters by how much the September maintenance would reduce exports of oil from Azerbaijan.