BAKU, Azerbaijan, May 5. In the first quarter of 2022, bp spent about $133 million in operating expenditure and $396 million in capital expenditure on Azeri-Chirag-Gunashli (ACG) activities, as compared to more than $142 million in operating expenditure and more than $463 million in capital expenditure in Q1 2021, Trend reports via bp.
As such, bp’s opex and capex for ACG dropped by 6.3 percent and 14.5 percent year-on-year, respectively.
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 percent), MOL (9.57 percent), INPEX (9.31 percent), Equinor (7.27 percent), ExxonMobil (6.79 percent), TPAO (5.73 percent), ITOCHU (3.65 percent), ONGCVidesh (2.31 percent).
During the first quarter, ACG continued to safely and reliably deliver stable production. Total ACG production for the quarter was on average about 484,000 barrels per day (b/d) (about 44 million barrels or 6 million tonnes in total) from the Chirag (30,000 b/d), Central Azeri (112,000 b/d), West Azeri (130,000 b/d), East Azeri (79,000 b/d), Deepwater Gunashli (89,000 b/d) and West Chirag (44,000 b/d) platforms.
At the end of the quarter, 133 oil wells were producing, while 45 were used for water and eight for gas injection.
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