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ACG produces 785,000 barrels of oil per day this year

17 May 2011 09:31 (UTC +04:00)

Baku. Ali Ahmedov â€“ APA-Economics. During the first quarter ACG produced 70.74 million barrels or 9.6 million tonnes from the Chirag, Central Azeri, West Azeri, East Azeri and Deep Water Gunashli platforms.

According to BP, average 785,500 barrels per day were extracted, during Q1. During this period, Chirag had 10 wells in operation (6 oil producers and 4 water injectors) and during the first quarter it produced on average about 81,800 b/d. Central Azeri (CA) had 18 wells (12 oil producers, 5 gas injectors and one water injector) and during the first quarter it produced on average about 216,000 b/d West Azeri (WA) had 19 wells (14 of which are oil producers and 5 water injectors) and during the first quarter it produced on average around 225,300 b/d East Azeri (EA) had 14 wells (10 of which are oil producers and 4 water injectors) and during the first quarter it produced on average around 130,700 b/d. Deep Water Gunashli (DWG) had 21 wells (12 oil producers and 9 water injectors) and during the fist quarter it produced on average about 131,800 b/d of oil.

During the first quarter BP delivered around 10.6 million cubic metres (about 374 million standard cubic feet) per day of ACG associated gas to SOCAR. In total, BP delivered 1 billion cubic metres (about 33.7 billion standard cubic feet) of associated gas to SOCAR during the first quarter of 2011. The plan for the full year is to deliver 2.3 billion cubic metres (over 80 billion standard cubic feet) of associated gas to SOCAR.

During the first quarter of 2011 ACG spent $140.6 million in operating expenditure and $419 million in capital expenditure. For the full year, BP expects to spend about $628 million in operating expenditure and $1.998 million in capital expenditure on ACG activities.