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ACG output tops 3m tons in July

13 August 2008 18:43 (UTC+04:00)
ACG output tops 3m tons in July

The BP-operated consortium, Azerbaijan International Operating Company, pumped 3,662,806 tons of oil from the country's major Azeri-Chirag-Gunashli fields in the Caspian Sea in July.
The output brought to over 22 million tons pumped from January to July, the company said.
535,077 tons were extracted from Chirag in July and 3,587,766 tons from January through July. The figures included 2,808,972 tons and 18,370,955 tons, respectively, from the Azeri field. 298,757 tons were produced at Gunashli last month and 687,141 tons from April through July.
Production started at the Gunashli field this past April.
3,403,220 tons of oil were exported through the Baku-Tbilisi-Ceyhan main export pipeline last month and 20,913,966 tons were shipped in the first seven months of 2008. Azerbaijan's oil was exported to world markets from the Turkish Mediterranean port of Ceyhan by 213 tankers from January through July.
Oil giant BP, the top investor in Azerbaijan's energy sector, plans to produce about 307 million barrels of oil in the country during 2008.
The daily flow from the ACG fields is expected to be 840,000 barrels this year, the company said.
BP Azerbaijan's operating expenses will exceed $600 million, while capital expenditure is set at some $2 billion.

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