BP Launches Its ‘Largest-Ever’ Seismic Program at Azerbaijan Oil Field

Wednesday, January 24, 2024

BP has started a new four-dimensional (4D) high-definition ocean bottom node seismic program on its Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, offshore Azerbaijan.

This is the largest-ever seismic acquisition commitment made by BP globally by all its aspects – area size, cost and program duration, the company said.

The program, which will focus on ACG’s Balakhany and Fasila reservoirs, will cover an area of 740 square kilometers under source and 507 square kilometers under receivers, with a total cost of around $370 million and a duration of five years (2024-2028).

The plan is to conduct five monitors over five years, utilizing ocean bottom nodes, one dual source vessel - the Murovdag, and one node vessel – the Guba.

“By committing to this wide-scale seismic acquisition we aim to obtain comprehensive understanding of the reservoir’s architecture and fluid contact movements.

“We hope the most up-to-date 4D technology to be used for this program will allow us to acquire further in-depth data about the reservoir helping us identify ways to minimize future well surprises and maximize the field recovery in the next decades,” said Roshni Moosai, BP’s vice president subsurface, Azerbaijan, Georgia and Türkiye region.

ACG is the biggest oil field operated by BP, and to date more than 4.3 billion barrels (581 million tons) of oil have been produced from the field.



The ACG Production Sharing Agreement (PSA) was initially signed in September 1994. In September 2017, the PSA was amended and restated to be effective until the end of 2049. The new contract aimed to maximize the economic benefits of ACG for Azerbaijan and shareholders over the next 31 years.

ACG currently has nine offshore platforms – seven production platforms and two process, gas compression, water injection and utilities platforms. The platforms export oil and gas to the Sangachal terminal, one of the world’s largest oil and gas terminals, onshore near Baku.

Categories: Energy Offshore Energy Subsea Industry News Activity Europe Asia Caspian Sea Oil

Related Stories

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Woodside Agrees Long-Term LNG Supply with Petronas Unit

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

Turkey Discovers New Black Sea Gas Reserve

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Current News

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com