Over 140mln barrels of oil produced from ACG

During the first half, ACG produced on average 775,700 barrels per day (b/d) (140. 4 million barrels or 19.0 million tonnes) from the Chirag, Central Azeri, West Azeri, East Azeri and Deep Water Gunashli platforms, BP reported in its outlook for the first half.

In 2010, BP produced from ACG 40.6 million tons of oil (300.4 million barrels) compared to more than 40.3 million tons of oil in 2009.

During the first half of 2011, ACG spent $325.3 million in operating expenditure and $874.9 million in capital expenditure. For the full year, it is planned to spend about $628 million in operating expenditure and $1.998 million in capital expenditure on ACG activities.

Last year, the operating costs on ACG amounted to $426 million and capital expenditure - $1.648 billion.

ACG participating interests are: BP (operator - 35.78%), SOCAR (11.65%), Chevron (11.27%), INPEX (10.96%), Statoil (8.56%), ExxonMobil (8%), TPAO (6.75%), ITOCHU (4.3%), Hess (2.72%).


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