| Contract area (block) | Project status | Production capacity | Venture company (established) | Interest owned (*Operator) |
Contract type |
|---|---|---|---|---|---|
| ACG | In production |
|
INPEX Southwest Caspian Sea, Ltd. (Jan. 29, 1999) |
|
Production Sharing Agreement (until 2049) |
Project History
| April 2003 | INPEX acquires interests in ACG oil fields |
|---|---|
| 2005 | Commences oil production in central section of Azeri Field in February Commences oil production in western section of Azeri Field in December |
| October 2006 | Commences oil production in eastern section of Azeri Field |
| April 2008 | Commences oil production in Deepwater Gunashli Field |
| January 2014 | Commences oil production in western section of Chirag Field |
| April 2019 | Signs final investment decision for Azeri Central East project |
| April 2024 | Commences oil production in Azeri Central East |
In April 2003, INPEX acquired an interest in the Azeri, Chirag and Gunashli (ACG) oil fields in the south Caspian Sea offshore Azerbaijan. Currently, oil production activities are being conducted in the Chirag, Central Azeri, West Azeri, East Azeri, Deepwater Gunashli and West Chirag oil fields. In September 2021, cumulative crude oil production from the ACG Oil Fields reached four billion barrels. In April 2024, oil production commenced from the new Azeri Central East (ACE) platform.
