Chirag oilfield
Chirag (Azerbaijani: "Çıraq") is an offshore oil field in the Caspian Sea, located east of Baku, Azerbaijan and is a part of the larger Azeri-Chirag-Guneshli (ACG) project. The production, drilling and quarters (PDQ) platform "Chirag 1 (EOP)" has been in operation since 1997. Chirag 1 has been producing the "Early Oil" from the ACG field. "West Chirag" is planned as an extension of ACG project. Chirag-1 and Early Oil Project. The Early Oil Project (EOP) has averaged between of oil since the start of production. It was recognized as the first large-scale oil project in  the Caspian Sea region. The project involved investment of $200 million from big financial institutions such as World Bank's IFC and the EBRD and included development of part of the Chirag oil field, namely refurbishment of an existing Chirag 1 platform, construction of new subsea pipelines, drilling of development and water injection wells; construction of Sangachal Terminal; construction of oil export terminal in Supsa, Georgia and completion of export pipelines and facilities in Azerbaijan and Georgia Ownership. The subsidiary of Amoco - Amoco Caspian Sea Petroleum Ltd was the operator for EOP. The partnership also included companies from United  States, Russia, Turkey, United Kingdom, Norway, Japan and Azerbaijan. Sponsors' share of the project costs are estimated at $800 million. IFC loans included five A loans (one to each one of borrowers) equalling $100 million in total and five B Loans, also $100 million in total. Technical features. Chirag 1 facilities include: West Chirag. In March 2009, KBR was awarded a contract by BP on behalf of Azerbaijan International Operating Company to provide front-end engineering and design (FEED) and procurement services for the Chirag drilling platform. This is considered to be an expansion of ACG field  development and is also known as Chirag Oil Project. In September 2010, construction of steel jacket for "West Chirag" platform will be started. Construction will be conducted by Baku Deepwater Jacket Factory named after Heydar Aliyev. Project management plans West Chirag production to start in the second quarter of 2014. According to preliminary forecasts, the platform will produce and 209 million cm/day and a total of of oil at an investment cost of $6 billion. Gas produced from Chirag is planned to be exported to Europe in 2016.