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BP-Azerbaijan spends $700 mln in operating expenditure of Azeri-Chirag-Gunashli project, in 2011

01 March 2012 07:34 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. During 2011, BP-Azerbaijan spent $699 million in operating expenditure and $1.912 million in capital expenditure of Azeri-Chirag-Gunashli project.

â€œFor 2012, we expect to spend about $708 million in operating expenditure and $2,516 million in capital expenditure on ACG activitiesâ€, told the company.

In 2011, ACG produced on average 717,600 barrels per day (b/d) (261.9 million barrels or 35.4 million tonnes in total) from the Chirag, Central Azeri, West Azeri, East Azeri and Deepwater Gunashli platforms.

Note that, 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%).