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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