BAKU, Azerbaijan, Aug.3. In the first half of 2023, bp and its co-venturers spent about $232 million in operating expenditure and $746 million in capital expenditure on Azeri-Chirag-Gunashli (ACG) activities, Trend reports.
This is while in the first half of 2022, the companies spent about $229 million in operating expenditure and $791 million in capital expenditure. As such, the opex rose by 1.3 percent, while capex dropped by 5.7 percent year-on-year.
During the first half of the year, the Azeri Central East (ACE) platform jacket sailed away from the Heydar Aliyev Baku Deepwater Jackets Factory, where it was built, to its permanent location at the ACG field and was installed in a water depth of 137 metres. The jacket was fully commissioned and tested onshore prior to its sail away on 16 March.
The ACE platform topsides unit and drilling facilities construction and commissioning activities continued at the fabrication yard in Bibi-Heybat.
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%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGCVidesh (2.31%).
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