More than USD 460 million were spent on ACG this year

More than USD 460 million were spent on ACG this year
# 10 May 2024 12:33 (UTC +04:00)

In the first quarter of 2024, bp and its co-venturers spent about $115 million in operating expenditure and $347 million in capital expenditure on Azeri-Chirag-Guneshli activities, APA-Economics reports citing a report on the results of the first quarter of the current year on the activities of the bp company in Azerbaijan.

Thus, in the first quarter of the current year, the total expenses for ACG amounted to USD 462 million.

According to the report, during the quarter, ACG continued to safely and reliably deliver stable production. Total ACG production for the quarter was on average about 339,000 barrels per day (b/d) (about 31 million barrels or 4 million tonnes in total) from the Chirag (21,000 b/d), Central Azeri (92,000 b/d), West Azeri (79,000 b/d), East Azeri (53,000 b/d), Deepwater Gunashli (63,000 b/d) and West Chirag (31,000 b/d) platforms.

“At the end of the quarter, 139 oil wells were producing, while 43 were used for water and eight for gas injection,” the report says.

The report notes that in the first quarter of 2024, ACG completed three oil producer and one water injector wells.

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