BAKU, Azerbaijan, June 2. Production from a new
oil ring at the bottom of the Azeri-Chirag-Gunashli (ACG) deep
fields will begin in September, bp's Regional President for
Azerbaijan, Georgia, and Türkiye, Gio Cristofoli, told reporters at
the Baku Energy Week, Trend reports.
He said that the company has started drilling a production well
to determine the size of the newly discovered oil reserves.
According to the regional president, although there was a
possibility of oil in this area from the beginning, the exact
volume of reserves was not known. Therefore, the well was drilled
in order to start production from the oil ring and determine real
indicators.
Cristofoli pointed out that this well will also provide more
accurate information about the size and potential of the oil
ring.
He noted that production is planned to begin in September and
that this process will play an important role in determining the
volume of newly discovered oil reserves.
The bp official added that the information obtained from the
well is of great importance in terms of formulating the field's
future development strategy.
