AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,394 Increased By 99.2 (1.36%)
BR30 24,121 Increased By 266.7 (1.12%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)

imageBAKU: British oil major BP plans repair works at one of its main oilfields in Azerbaijan from Oct. 31 for one month, BP-Azerbaijan president said, in a move that may further reduce oil production in the country.

Gordon Birrell told reporters the company would "slowly run down" operations at the Central Azeri platform from Oct. 31.

"These turnarounds (maintenance) are planned one year in advance under our annual plan and budget, which is agreed with the government," Birrell said. "The effect of the turnaround is built into a production forecast."

It would end by Dec. 2, he added.

Falling output at the main Azeri, Chirag and Guneshli (ACG) oilfields has been a cause of concern in Baku for several years.

BP and its partner, Azeri state energy firm SOCAR, tried to ease those worries last year by saying production had stabilised. Total oil output grew last year for the first time since 2011 to 43.15 million tonnes.

Earlier this year, however, BP said 2014 oil production at ACG might be slightly lower than in 2013, because it planned maintenance work at the Central Azeri and West Azeri platforms.

Birrell said BP would replace some worn-out equipment.

"That ensures the safety and reliability of the facility," he said.

Crude oil and condensate production in Azerbaijan fell to 32.1 million tonnes in January-September this year from 32.8 million tonnes in the same period last year.

Copyright Reuters, 2014

Comments

Comments are closed.