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30 mln tons of oil and 2.8 bcm of associated gas extracted from ACG during 9 months of 2011

23 November 2011 14:38 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. During the first nine months of 2011, ACG spent $501million in operating expenditure and $1.352 million in capital expenditure.

Company says, for the full year, BP expects to spend about $628 million in operating expenditure and $1.998 million in capital expenditure on ACG activities.

During the first three quarters of 2011, ACG produced on average 757,500 barrels per day (b/d) (206.8 million barrels or 27.9 million tonnes in total) from the Chirag, Central Azeri, West Azeri, East Azeri and Deepwater Gunashli platforms.

At the end of the third quarter of 2011, a total of 57 oil wells were producing, while 27 wells were used for injection in the ACG field.

â€œDuring the first three quarters we delivered around 10.4 million cubic metres (about 368 million standard cubic feet) per day of ACG associated gas to SOCAR. In total we delivered about 2.8 billion cubic metres (more than 100 billion standard cubic feet) of associated gas to SOCAR during the first nine months of 2011 which already exceeds our plan of 2.3 billion cubic metres (over 80 billion standard cubic feet) of associated gas for the full yearâ€, said the company.

ACG participating interests are: BP (operator â€“ 35.8%), Chevron (11.3%), SOCAR (11.6%), INPEX (11%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), ITOCHU (4.3%), Hess (2.7%).

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