The ACG Field (Azeri, Chirag, Gunashli) was discovered by the State Oil Company of the Azerbaijan Republic (SOCAR). Since 1980 SOCAR has been producing oil from the northwest end of the structure, known as Shallow Water Gunashli (SWG). In 1994 the Azerbaijan International Oil Company (AIOC) signed a 30-year Production Sharing Agreement (PSA) with the state. AIOC began production from the central part of the field, Chirag, in late 1997. Chirag currently produces approximately 140 000 b/d. Azeri achieved first oil in early 2005. Development drilling will start at DWG in late 2005 with first oil due in 2008. BP now operates on behalf of the AIOC partners

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