Azerbaijan, Baku, 29 April / Trend corr. S.Aliyev / In 2007, Azeri-Cirag-Gunashli (ACG) spent over $445 million in the operating expenditures and $2,822 million in the capital expenditures. In 2008, it is expected that $611 million in operating expenditure and only $1,926 million in the capital expenditure would be spent in ACGactivities.
In 2007, BP produced a total of over 244 million barrels (about 33 million tones and around 668,000 barrels per day average) from the Chirag, Central Azeri, West Azeri and East Azeri platforms. Out of the 668,000 barrels, d aily total average production number 129,000 barrels came from Chirag, 244,000 barrels from Central Azeri, 171,000 barrels from West Azeri and 124,000 barrels from the East Azeri platform.
At present 21 wells are operating in Chirag (14 oil-producing and 7 water injectors) and is now producing around 125,000 barrels per day. From the start of production in Nov 1997 to the end of Q1 2008, Chirag had produced about 440.5 million barrels (about 59.5 million tonnes) of oil.
Central Azeri (CA) has 17 wells (13 oil- producing and 4 gas injectors). CA is currently producing around 305,000 barrels per day.
West Azeri (WA) has 12 wells (10 oil-producing and 2 water injectors). WA is currently producing around 235,000 barrels per day.
East Azeri (EA) has 8 wells (7 of which are producers and 1 water injector). EA is currently producing around 130,000 barrels per day. At present, 235,000 barrels of oil is produced daily.
The current total d aily ACG production is about 790,000 barrels of oil per day.
In 2008, it is expected to produce an average of 840,000 barrels per day (42 million tonnes pa) for the full year from the four existing platforms and the new Deep-water Gunashli (DWG) platform- which started earlier this month. Of this, about 134,000 barrels per day is expected from Chirag, 243,500 barrels per day from Central Azeri, 235,300 barrels per day from West Azeri, 144,400 barrels per day from East Azeri and 82,800 barrels per day from DWG.
ACG participating interests are: BP (operator - 34.1%), Chevron (10.2%), SOCAR (10%), INPEX(10%), StatoilHydro (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), ITOCHU (3.9%), Hess (2.7%).