Baku, Azerbaijan, Feb.13
By Leman Zeynalova – Trend:
Total production from Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea for the full year of 2018 was on average 584,000 barrels per day, BP Azerbaijan said in its report on Business Update, 2018 full year results.
“During the year, ACG continued to safely and reliably deliver stable production. Total ACG production for the full year was on average 584,000 barrels per day (b/d) (about 213 million barrels or 29 million tonnes in total) from the Chirag (46,000 b/d), Central Azeri (154,000 b/d), West Azeri (126,000 b/d), East Azeri (97,000 b/d), Deepwater Gunashli (105,000 b/d) and West Chirag (57,000 b/d) platforms,” reads the report.
At the end of the year, 117 oil wells were producing, while 44 wells were used for water and 7 for gas injection, said BP.
“In 2018, we spent about $505 million in operating expenditure and $1,150 million in capital expenditure on ACG activities,” said the report.
BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
ACG participating interests are: BP (30.37 percent), SOCAR (25.0 percent), Chevron (9.57 percent), INPEX (9.31 percent), Equinor (7.27 percent), ExxonMobil (6.79 percent), TPAO (5.73 percent), ITOCHU (3.65 percent), ONGC Videsh Limited (OVL) (2.31 percent).
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