Nearly $1.5 billion spent on ACG this year

Nearly $1.5 billion spent on ACG this year
# 02 November 2023 12:56 (UTC +04:00)

In the first three quarters of 2023, BP and its co-venturers spent about $365 million in operating expenditure and $1,109 million in capital expenditure on Azeri-Chirag-Gunashli (ACG) oil and gas fields block activities (in total – 1 billion 474 million), APA-Economics reports citing a report of BP (project operator) on the results of the first three quarters of 2023 on the operations conducted in Azerbaijan.

According to the report, during the third quarter of 2023, ACG continued to safely and reliably deliver stable production. Total ACG production for the first three quarters was on average about 368,000 barrels per day (b/d) (about 100 million barrels or 14 million tonnes in total) from the Chirag (23,000 b/d), Central Azeri (96,000 b/d), West Azeri (89,000 b/d), East Azeri (59,000 b/d), Deepwater Gunashli (67,000 b/d) and West Chirag (34,000 b/d) platforms.

At the end of the third quarter, 136 oil wells were producing, while 45 were used for water and eight for gas injection.

In the first three quarters of 2023, ACG completed six oil producer, five water injector and one gas injector wells.

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THE OPERATION IS BEING PERFORMED