The new platform, called ACE (Azeri-Central-East), will be integrated with existing infrastructure and is designed to process up to 100,000 barrels of oil per day and is expected to produce up to 300 million barrels over its lifetime. First oil production is expected in 2023.
ACG participating partners include BP (30.37%), SOCAR (25%), Chevron (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%) and ONGC Videsh Limited (OVL) (2.31%).
(Anadolu Agency)