Oil production from new platform on ACG block may start in 2023
First oil production from the new platform, to be built and installed on the Azeri-Chirag-Gunashli (ACG) block of fields under the new project agreement, may begin in 2023, an official with Azerbaijan’s state oil company SOCAR has told reporters in Baku.
“The platform will be installed between platforms "Central Azeri" and "East Azeri," and will be named “Central Eastern Azeri”. The total cost of the project, including the platform construction, is pre-estimated at $8-9 billion. The first oil can be obtained in 2023,” the official said.