Azernews.Az

BAKU – Over 70.7 million barrels or 9.6 million tons (785,500 barrels per day) were produced from the Azeri-Chirag-Gunashli (ACG) fields in the Caspian Sea in the first quarter of 2011, according to oil giant BP, which operates the block.

Chirag, one of the ACG’s five platforms, produced on average about 81,800 bpd during Q1. The Central Azeri platform produced 216,000 bpd, while West Azeri extracted around 225,300 bpd. An average of 130,700 bpd was produced from East Azeri. Also, about 131,800 bpd were extracted from Deep Water Gunashli, BP Azerbaijan said on Tuesday.

During the first quarter BP Azerbaijan delivered around 10.6 million cubic meters per day of ACG associated gas to the Azerbaijani state energy firm SOCAR. In total it delivered 1 billion cubic meters of associated gas to SOCAR during Q1 2011.

For the full year, the company plans to deliver 2.3 billion cubic meters of associated gas.

ACG spent $140.6 million in operating expenditure and $419 million in capital expenditure in Q1. For the full year, BP Azerbaijan expects to spend about $628 million and $1.998 million on ACG activities, respectively.

ACG participating interests are: BP (operator – 37.4%), Chevron (11.3%), SOCAR (10%), INPEX (11%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.7%), ITOCHU (4.3%), Hess (2.7%).