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BP releases three-quarter results on ACG output

20 November 2009 07:05 (UTC+04:00)
BP releases three-quarter results on ACG output
Oil giant BP, which operates Azerbaijan’s major Azeri-Chirag-Gunashli (ACG) fields in the Caspian Sea, produced more than 224 million barrels (more than 30 million tons or 822,100 barrels a day) from the fields during the first three quarters of 2009, the company said.
Of the 822,100 barrel daily average production 105,300 b/d came from Chirag, 185,800 b/d from Central Azeri, 275,200 b/d from West Azeri, 139,400 b/d from East Azeri and 116,400 b/d from the Deep Water Gunashli platform.
During the mentioned period ACG spent about $540 million in operating expenditure and $723 million in capital expenditure. For the full year BP expects to spend about $839 million in operating expenditure and $1,639 million in capital expenditure on ACG activities.
ACG participating interests are: BP (operator – 34.1%), Chevron (10.2%), SOCAR (10%), INPEX (10%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), ITOCHU (3.9%), Hess (2.7%).*

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