BP spuds first oil production well at new platform in huge Caspian Sea field (NYSE:BP)

BP (NYSE:BP) stated Tuesday it has began drilling the primary manufacturing effectively from the brand new Azeri Central East oil platform, because it develops the following $6B stage of the large Azeri-Chirag-Gunashli discipline within the Caspian Sea off the coast of Azerbaijan.

The effectively will likely be as much as 3,188 meters deep, and drilling will take about three months, the corporate stated.

First manufacturing adopted completion of all offshore hookup, set up and commissioning of the ACE topsides unit, which sailed from the Bayil fabrication yard in August.

The brand new platform and services are designed to course of as much as 100K bbl/day of oil, and the undertaking is predicted to provide as a lot as 300M barrels over its lifetime, BP (BP) stated.