On the occasion of 70th Independence Day, CMD ONGC conferred upon the project ACG, Azerbaijan with a Commendation Certificate for “Runner up Best Performing Asset” of ONGC Videsh for 2015-16. The commendation has been conferred for excellence in performance and significant contribution to overall growth of the Organization.
Team Azerbaijan receives the award from CMD
Mr KB Moon, GM (P) and Dr Ravi Misra DGM (G) received the award on behalf of Mr Balbir Singh Regional President (CIS) and entire BU-CIS team.
ONGC Videsh, on 28th March 2013, acquired 2.7213% participating interest in ACG PSA under which the giant Azeri-Chirag-Deep Water Gunashli oil Field of Azerbaijan are operated and 2.36% PI in BTC Pipeline.
Director (Exploration) Mr Sudhir Sharma with team Azerbaijan ONGC Videsh
ACG Field is the largest oil and gas field complex of Azerbaijan operated by BP and is located in the South Caspian Sea with water depth ranging from 120-180m and about 95 km off the coast of Azerbaijan.
In 2015-16 ACG has produced 231mmbbls of oil at an average rate of about 632 Kbopd. During the year ONGC Videsh’s share of production is 6.29mmbbl (0.847MMT) of oil and 0.118bcm of gas.