BP: Azeri Oil Field Partially Restarted
LONDON (Dow Jones Newswires), December 24, 2008
The 350,000 barrel-a-day Central Azeri oil field in Azerbaijan has been partially restarted after the installation of additional safety and monitoring equipment, a spokeswoman for operator BP PLC (BP) said Wednesday.
Three out of 13 production wells on the field resumed operation on Dec. 19, she said. It is not possible to say when it will be fully restarted because BP needs to complete additional work before that is possible, she said. BP expects to operate three to five wells on the field until a full restart, she added.
Production at the Central Azeri and West Azeri platforms at the offshore Azeri-Chirag-Gunashli, or ACG, fields in the
West Azeri restarted in October. Central Azeri comprises two platforms connected by a bridge and the spokeswoman said BP is now satisfied it is safe to resume production on one of the platforms. "We will continue to work towards a full restart," and so far progress is very good, she said.
OPEC said last week it will cut an additional 2.2 million barrels a day from its oil output.
Copyright (c) 2008 Dow Jones & Company, Inc.
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