During 2012, BP and its partners produced on average 664,400 barrels per day (more than 243 million barrels or about 32.9 million tons in total) from the Azeri oil fields block Azeri-Chirag-Guneshli, according to a BP report on the 2012 results.
During 2012, ACG spent about $725 million in operating expenditure and nearly $2, 5 million in capital expenditure, the report says. In 2013, it is expected to spend about 758 million in operating expenditure and 2.51 million in capital expenditure on ACG activities.
Equity participation in the contract is distributed as follows: BP (operator of the Azeri-Chirag-Guneshli - 35.78 per cent, Chevron - 11.27 per cent, Inpex - 10.96 per cent, AzACG - 11.65 per cent, Statoil - 8 56 per cent, Exxon - 8 per cent, TPAO - 6.75 per cent, Itocu - 4.3 per cent. Hess (2.72 per cent) sold its share to Indian ONGC and the deal is expected to close in the first quarter of 2013.