BAKU, Azerbaijan, Nov.4
By Leman Zeynalova – Trend:
In the first three quarters of 2021, bp spent more than $398 million in operating expenditure on Azeri-Chirag-Gunashli (ACG) and about $1,243 million in capital expenditure on ACG activities, Trend reports with reference to the company.
This is while in the first three quarters of 2020, the company spent about $399 million in operating expenditure and about $1,398 million in capital expenditure.
During the third quarter of the year, the Azeri Central East (ACE) project progressed according to the plan along with the other bp-operated activities.
Most of the remaining major equipment was delivered to Baku during the quarter. The delivery of the final four packages is planned for the fourth quarter of 2021 and will complete the shipment of all equipment as part of the project.
ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).
BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
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