Operations

Azeri-Chirag-Gunashli

The ACG PSA, also known as “the contract of the century”, was signed on 20 September 1994. In September 2017, the PSA was extended for another 25 years, until the end of 2049. Equinor has a 7.27% interest in the extended ACG PSA. bp is the operator of ACG.

ACG is the largest oilfield in the Azerbaijan sector of the Caspian basin. It is located around 100 kilometres east of Baku in water depths ranging from 125-180 meters. The development is based on fixed platforms and subsea injection technology. bp currently estimates total recoverable reserves in ACG over the period of extended PSA (2018-2049) at ca 3 billion barrels of oil. ACG crude oil is sent to Sangachal Terminal, a hub with capacity of 1.2 million barrels, where oil is processed prior to export.

Baku-Tbilisi-Ceyhan

BTC oil export pipeline is the main export route for the ACG oil. Equinor has an 8.71% interest in BTC project. BTC pipeline passes Azerbaijan, Georgia and Turkey, connecting the Caspian with the Mediterranean Sea. Pipeline length is 1768 km: 443 km in Azerbaijan, 249 km in Georgia and 1076 km in Turkey.

Ashrafi-Dan Ulduzu-Aypara

The Production Sharing Agreement (PSA) for the Ashrafi-Dan-Ulduzu-Aypara (ADUA) area in the Caspian Sea was signed between Equinor and SOCAR in May 2018. As per the agreement, both partners hold equal shares. The ADUA exploration area is located around 100-110 kilometres north-east of Baku. In 2019, Equinor conducted a 2D-3D seismic study in the prospect area.