16:22 - 13.12.2022

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December 13, Fineko/abc.az. President Ilham Aliyev took part in the ceremony of launching the support block of the Central Eastern Azeri platform into the sea at the Heydar Aliyev Baku Deep-Water Foundation Plant.

ABC.AZ reports that BP Regional President for Azerbaijan, Georgia & Turkey Gary Jones and SOCAR president Rovshan Najaf informed the head of state about the work done on the project, a video was shown.

It was noted that the final investment decision on the Central Eastern Azeri project is the first major investment decision by ACG partners after the extension in 2017 of the PSA on Azeri-Chirag-Guneshli (ACG) until 2049. The $6 bn project includes a new offshore platform and other installations with capacity of up to 100,000 b/d. It is predicted that up to 300 million barrels of oil will be produced during the entire life of the project.

As part of this project, a new mine, drilling and residential platform consisting of 48 mines will be installed on a site with water depth in the sea of about 140 m, between the platforms Central Azeri and Eastern Azeri. The project also includes new underwater pipelines inside the field. These lines will be connected to the existing underwater export lines of ACG Phase 2 for transportation of oil and gas extracted from the platform to the Sangachal terminal.