"BP and its partners have already invested approximately $85 billion in developing the Caspian region's oil and gas reserves. About 4.4 billion barrels of oil have been produced from the ACG field to date. We plan to continue all our efforts to maximize oil production from the field. Our goal is not only to maintain the existing infrastructure but also to actively develop it while ensuring long-term sustainability," he emphasized.
Morris recalled that the Shah Deniz field produces approximately 550,000 barrels of oil equivalent per day, while ACG produces 340-345,000 barrels of oil per day.
"In 2010, at its peak, ACG production reached 823,000 barrels per day. This is truly a world-class field. We continue to look for ways to maximize oil production from here by applying new technologies and innovative approaches," he added.
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