BAKU, Azerbaijan, September 13. Azerbaijan's net profit from the development of the Azeri-Chirag-Guneshli (ACG) block of fields since 2001 amounted to $168 billion, head of bp Azerbaijan's public relations department Tamam Bayatli said during a media tour of Sangachal terminal, Trend reports.
She noted that investments made by bp and partners in Azerbaijan, Georgia and Türkiye currently amount to $84 billion, of which bp accounts for 30 percent.
Note that the contract for the development of the Azeri, Chirag, and deep-water parts of the Guneshli fields was signed on September 20, 1994.
Also, BP Exploration (Caspian Sea) Limited is the operator on behalf of the contractors under the ACG production sharing agreement.
Interests in ACG: 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), and ONGCVidesh (2.31 percent).