The overall oil production from oilfield block Azeri-Chirag-Gunashli (ACG) within the Caspian Contract of the Century has reached 3 bn barrels.
Gordon Birrell, BP regional president for Azerbaijan-Georgia-Turkey, has stated that this is a significant milestone for both BP and for Azerbaijan is a significant event both for the Company and for Azerbaijan.
Production at ACG started in 1997 from platform Chirag-1. Production from six platforms is underway. The PSA contract on ACG was signed in Baku on 20 September 1994.