BP Pumps Up the Volume with Start-Up at Deep Water Gunashli

The Azerbaijan International Operating Company (AIOC), operated by BP, announced the start-up of oil production from the Deep Water Gunashli (DWG) platform complex as scheduled.

Start-up of the DWG complex completes the third phase of development of the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijan sector of the Caspian Sea.

ACG participating interests are: BP (operator - 34.1%), Chevron (10.2%), SOCAR (10%), INPEX (10%), StatoilHydro (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), ITOCHU (3.9%), Hess (2.7%).

The DWG complex is located in a water depth of 175 meters on the east side of the Gunashli field. The complex comprises two platforms - a drilling and production platform bridge linked to a water injection and gas compression platform.

Production will increase through 2008 as other pre-drilled wells are brought on-stream, prior to commencing platform drilling. On plateau, the DWG complex will produce approximately 320,000 barrels per day, bringing total ACG oil production, including Chirag, East Azeri, West Azeri and Central Azeri, to over 1 million barrels per day.

"The start up of the DWG complex is an achievement we can all be proud of", said Bill Schrader, BP's President in Azerbaijan. "This achievement maintains our track record of on schedule project delivery for the development of the ACG field. I would like to thank the thousands of people, mostly from Azerbaijan, who built the jackets and topsides of this complex, for their dedication and outstanding performance over the past three years. I would also like to congratulate the government, our partners, employees, all the contractors and suppliers for this tremendous achievement."


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