BP-Azerbaijan spends $155.3 million to AGC in operating expenditure during first quarter

BP-Azerbaijan spends $155.3 million to AGC in operating expenditure during first quarter
# 06 May 2010 10:59 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. During the first quarter ACG spent about $155.3 million in operating expenditure and $341 million in capital expenditure. For the full year we expect to spend about $ 587 million in operating expenditure and $1,584 million in capital expenditure on ACG activities.

During the first quarter we produced an average 797.300 barrels per day (b/d) (more than 72 million barrels or 9.7 million tonnes) from the Chirag, Central Azeri, West Azeri, East Azeri and Deep Water Gunashli platforms.

BP’s full year plan remains to be an average of 854,000 b/d (about 42.1 million tonnes pa) production from the five ACG platforms. Of this, about 90,900 b/d is expected from Chirag, 184,200 b/d from Central Azeri, 285,700 b/d from West Azeri, 158,100 b/d from East Azeri and 135,100 b/d from Deep Water Gunashli.

ACG participating interests are: BP (operator – 34.1%), Chevron (10.2%), SOCAR (10%), INPEX (10%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), ITOCHU (3.9%), Hess (2.7%).
#
#

THE OPERATION IS BEING PERFORMED