Chirag oilfield

Chirag (Azerbaijani: Çıraq) is an offshore oil field in the Caspian Sea, located 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.

Chirag-1 and Early Oil Project The Early Oil Project (EOP) has averaged between 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 EBRDCEE bankwatch network Chirag Early Oil fields, Azerbaijan 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. International Finance Corporation(IFC) Summary of Project Information (SPI)

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. CompanyShareAmoco Caspian Sea Petroleum17%Exxon Azerbaijan Ltd8%Lukoil Overseas BVI Ltd10%Turkiye Petrollero A.O. (TPAO)6.8%Unocal Khazar Ltd10%BP Exploration (Caspian Sea) Limited17%Den Norske Statsoljeskap a.s.8.6%State Oil Company of Azerbaijan Republic10%Itochu Corporation3.9%Pennzoil Caspian Corporation4.8%Ramco2.1%Delta1.7% Sponsors' share of the project costs are estimated at $800 million. IFC loans included five A loans (one to each one of the borrowers) equalling $100 million in total and five B Loans, also $100 million in total.

Technical features Chirag 1 facilities include: 24-slot PDQ platform with water injection equipment long oil pipeline to the Sangachal Terminal just south of Baku long gas pipeline to the Oil Rocks offshore town long gas pipeline to Central Azeri Compression and water injection platform.Azeri-Chirag-Guneshli. The largest oil field under development in the Azerbaijan sector of the Caspian basin This part of the field is forecasted to produce until 2024.Azeri-Chirag-Gunashli (ACG) Oil Field, Caspian Sea, Azerbaijan. Chirag-1 platform 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.Embassy of Azerbaijan in Georgia

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.KBR Press Release 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 and 209 million cm3/day and a total of of oil at an investment cost of $6 billion. Gas produced from Chirag is planned to be exported to Europe in 2016.

Chirag oilfield

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