Azerbaijan, Baku, May 21 / Trend, E.Ismayilov /
During the first quarter of 2012, British BP and its partners produced on average 64.8 million barrels or 8.8 million tons in total from the Azeri-Chirag-Guneshli oil and gas fields' block (ACG), a BP's official report on the first quarter says on Monday.
According to the report, average daily oil production on this block of fields hit 711,800 barrels in January-March.
In 2011 BP produced about 35.4 million tons, or about 262 million barrels of oil on the ACG block.
During the first quarter of 2012, ACG spent $169.1 million in operating expenditure and $571.4 million in capital expenditure, the report says.
For the full year, we expect to spend about $708 million in operating expenditure and $2,516 million in capital expenditure on ACG activities.
ACG participating interests are: BP (operator - 35.8%), Chevron (11.3%), SOCAR (11.6%), INPEX (11%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), ITOCHU (4.3%), Hess (2.7%).