home . news & publications . Investment News . $6 Billion to Be Invested in Chirag Oil Project

$6 Billion to Be Invested in Chirag Oil Project

According to the Chriag Oil Project manager Ilgar Mammadov, a total of $6 billion will be invested in this project.

Four billion dollars will be invested in the reconstruction of the Western Chirag platform, in-field pipelines and reconstruction works in the Deepwater Guneshli platform.

The platform, which will serve to drill 48 wells, could increase daily production in the Azer-Chirag-Guneshli block of fields by 100,000 barrels.

The project is planned to produce 300 million barrels of oil in total.

Source: APA

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