AIOC increases expenditure on Azeri-Chirag-Guneshli block of fields

Azerbaijan International Operating Company (AIOC), the operator of the Azeri-Chirag-Gunashli (ACG) fields, boosted investment in the project 21.3% last year to $2.074 billion, press service of BP -Azerbaijan Company said. This included $426 million operating costs and $1.648 billion capex.

Oil production from the fields rose 0.7% to 40.6 million tons. Average daily output was 823,000 barrels, of which the Chirag platform produced 93,200 barrels, Central Azeri - 205,300 barrels, Western Azeri - 248,200 barrels, Eastern Azeri - 140,700 barrels and the Gunashli deepwater rig - 135,600 barrels.

AIOC supplied the State Oil Company of the Azerbaijan Republic (SOCAR) with 3.4 billion cubic meters of associated gas - 1.9 bcm more than planned.


/AzerTAc/