Chirag oilfield
Template:Infobox oil field Chirag (Azerbaijani: Çıraq) is an offshore oil field in the Caspian Sea, located Template:Convert east of Baku, Azerbaijan and is a part of the larger Azeri-Chirag-Guneshli (ACG) project. The production, drilling and quarters (PDQ) platform Chirag 1 (EOP) has been in operation since 1997. Chirag 1 has been producing the Early Oil from the ACG field. West Chirag is planned as an extension of ACG project.
Contents
Chirag-1 and Early Oil Project
The Early Oil Project (EOP) has averaged between Template:Convert of oil since the start of production. It was recognized as the first large-scale oil project in the Caspian Sea region. The project involved investment of $200 million from big financial institutions such as World Bank's IFC and the EBRD<ref>CEE bankwatch network Chirag Early Oil fields, Azerbaijan</ref> and included development of part of the Chirag oil field, namely refurbishment of an existing Chirag 1 platform, construction of new subsea pipelines, drilling of development and water injection wells; construction of Sangachal terminal; construction of oil export terminal in Supsa, Georgia and completion of export pipelines and facilities in Azerbaijan and Georgia <ref name="IFC">International Finance Corporation(IFC) Summary of Project Information (SPI)</ref>
Ownership
The subsidiary of Amoco - Amoco Caspian Sea Petroleum Ltd was the operator for EOP. The partnership also included companies from United States, Russia, Turkey, United Kingdom, Norway, Japan and Azerbaijan.
| Company | Share |
|---|---|
| Amoco Caspian Sea Petroleum | 17% |
| Exxon Azerbaijan Ltd | 8% |
| Lukoil Overseas BVI Ltd | 10% |
| Turkiye Petrollero A.O. (TPAO) | 6.8% |
| Unocal Khazar Ltd | 10% |
| BP Exploration (Caspian Sea) Limited | 17% |
| Den Norske Statsoljeskap a.s. | 8.6% |
| State Oil Company of Azerbaijan Republic | 10% |
| Itochu Corporation | 3.9% |
| Pennzoil Caspian Corporation | 4.8% |
| Ramco | 2.1% |
| Delta | 1.7% |
Sponsors' share of the project costs are estimated at $800 million. IFC loans included five A loans (one to each one of borrowers) equalling $100 million in total and five B Loans, also $100 million in total.<ref name="IFC"/>
Technical features
Chirag 1 facilities include:
- 24-slot PDQ platform with water injection equipment
- Template:Convert long Template:Convert oil pipeline to the Sangachal terminal just south of Baku
- Template:Convert long Template:Convert gas pipeline to the Oil Rocks offshore town
- Template:Convert long Template:Convert gas pipeline to Central Azeri
- Compression and water injection platform.<ref name=BP>Azeri-Chirag-Guneshli. The largest oil field under development in the Azerbaijan sector of the Caspian basin</ref> This part of the field is forecasted to produce until 2024.<ref>Azeri-Chirag-Gunashli (ACG) Oil Field, Caspian Sea, Azerbaijan. Chirag-1 platform</ref> Initially, the production from Chirag was exported through Baku–Novorossiysk pipeline. Once the Baku-Supsa pipeline became operational in 1999, the production was also directed through Georgia.<ref>Embassy of Azerbaijan in Georgia</ref>
West Chirag
In March 2009, KBR was awarded a contract by BP on behalf of Azerbaijan International Operating Company to provide front-end engineering and design (FEED) and procurement services for the Chirag drilling platform. This is considered to be an expansion of ACG field development and is also known as Chirag Oil Project.<ref> Template:Cite news</ref><ref>KBR Press Release</ref> In September 2010, construction of steel jacket for West Chirag platform will be started. Construction will be conducted by Baku Deepwater Jacket Factory named after Heydar Aliyev. Project management plans West Chirag production to start in the second quarter of 2014. According to preliminary forecasts, the platform will produce Template:Convert and 209 million cm3/day<ref> Template:Cite news</ref> and a total of Template:Convert of oil at an investment cost of $6 billion.<ref> Template:Cite news</ref> Gas produced from Chirag is planned to be exported to Europe in 2016.<ref> Template:Cite news</ref>
See also
- Azeri-Chirag-Guneshli
- Baku–Tbilisi–Ceyhan pipeline
- Sangachal Terminal
- South Caucasus Pipeline
- Baku-Supsa pipeline
- Baku–Novorossiysk pipeline
- Nabucco pipeline
- Baku-Novo Filya gas pipeline
- Nakhichevan field
