BAKU, Azerbaijan, May 4. In the first quarter of 2023, bp spent about $115 million in operating expenditure and $372 million in capital expenditure on Azeri-Chirag-Gunashli (ACG) activities, Trend reports via bp.
As such, bp’s operating and capital expenditure on ACG dropped by 13.5 percent and 6 percent year-on-year, respectively.
In the first quarter of 2022, bp spent about $133 million in operating expenditure and $396 million in capital expenditure on ACG activities.
During the first quarter of 2023, ACG continued to safely and reliably deliver stable production. Total ACG production for the quarter was on average about 386,000 barrels per day (b/d) (about 35 million barrels or 5 million tonnes in total) from the Chirag (24,100 b/d), Central Azeri (100,000 b/d), West Azeri (93,300 b/d), East Azeri (64,200 b/d), Deepwater Gunashli (69,400 b/d) and West Chirag (35,000 b/d) platforms.
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%), ONGCVidesh (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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