BAKU, Azerbaijan, December 10. bp has produced
4.5 billion barrels of oil and 257 billion cubic meters of gas from
the Caspian Sea fields, including 60 billion cubic meters of gas
from the Azeri-Chirag-Gunashli (ACG) field, and delivered them to
the state during these years, bp's Vice President for the Caspian
Region Bakhtiyar Aslanbayli said at the 3rd Industrial Safety
Summit, jointly organized by the Ministry of Emergency Situations,
SOCAR, and the Azerbaijan Industrial Safety Association (AISA), in
Baku today, Trend
reports.


According to him, bp Azerbaijan has been operating in the
country for 33 years, and during this time it has been entrusted
with the management of the state's top strategic energy
resources.


"The gas produced from the ACG field accounts for approximately
25% of the total gas production in the Caspian Sea. This shows how
great the potential of these fields is," the company official
emphasized.


He emphasized that a key highlight of the initiative is the
organization's unwavering commitment to operational safety,
adhering meticulously to regulatory frameworks, thereby achieving a
track record devoid of significant incidents.







"During our activities in Azerbaijan, we have worked together
with our local and international colleagues in the field of safety
and development, ensuring the application of the highest global
standards," Aslanbayli added.


The Azeri-Chirag-Deepwater Gunashli (ACG) field, situated
approximately 100 km east of Baku, is the largest oilfield in the
Azerbaijani portion of the Caspian basin. In 2024, bp and its
co-venturers incurred around $535 million in operating expenses and
almost $1,293 million in capital expenditures for ACG activities.
In 2024, a novel four-dimensional (4D) high-definition ocean bottom
node seismic program was initiated on ACG. The initiative,
concentrating on the Balakhany and Fasila reservoirs, encompasses
an area of 740 square kilometers for sources and 507 square
kilometers for receivers, with an estimated total cost of around
$370 million and a length of five years (2024-2028). This is bp's
largest seismic acquisition commitment globally, encompassing
region size, cost, and program duration.


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