BP begins production at West Chirag in Caspian Sea

BP (BP -0.4%) says production has started at the West Chirag platform of the Azeri-Chirag-Gunashli field in the Azerbaijan sector of the Caspian Sea, which the company calls "a major milestone" in the development of the super-giant ACG field.

West Chirag production began from a pre-drilled well on Jan. 28 and will increase throughout this year as other pre-drilled wells are brought on line, BP says; the new platform has a capacity for 183K bbl/day with a gas export capacity of 285M cf/day.

BP is operator of the field with a 35.8% interest; partners in the field include Socar with 11.6%; Chevron (CVX), 11.3%; Inpex, 11%; Statoil (STO), 8.6%; Exxon (XOM), 8%.

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    BP & CVX further preparing for the future where energy in all forms will be even more important to a rapidly growing ,richer world.


    Buy BP ,CVX and COP on these dips.
    All 3 very shareholder friendly with Excellent sustainable dividends.
    29 Jan 2014, 10:50 AM Reply Like
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