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ACG fields produce over 200 mln barrels of oil in January-September

Oil&Gas Materials 23 November 2011 16:49 (UTC +04:00)
During the first three quarters of 2011, British BP and its partners produced about 30 million tons of oil (206.8 million barrels) on the block of Azeri-Chirag-Guneshli (ACG) fields, the BP official report on three quarters says.
ACG fields produce over 200 mln barrels of oil in January-September

Azerbaijan, Baku, Nov.23/ Trend, E.Ismayilov /

During the first three quarters of 2011, British BP and its partners produced about 30 million tons of oil (206.8 million barrels) on the block of Azeri-Chirag-Guneshli (ACG) fields, the BP official report on three quarters says.

An average oil production on the ACG fields hit 757,500 barrels per day in January-September.

In 2010, BP produced from ACG 40.6 million tons of oil (300.4 million barrels) compared to more than 40.3 million tons of oil in 2009.

According to the report, during three quarters, ACG spent $501 million in operating expenditure and $1.352 billion in capital expenditure.

It is planned to spend about $628 million in operating expenditure and $1.998 billion in capital expenditure on ACG activities in 2011.

Last year, the operating costs on ACG amounted to $426 million and capital expenditure - $1.648 billion.

ACG participating interests are: BP (operator - 35.78%), SOCAR (11.65%), Chevron (11.27%), INPEX (10.96%), Statoil (8.56%), ExxonMobil (8%), TPAO (6.75%), ITOCHU (4.3%), Hess (2.72%).

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