$3.2 bn spent on Contract of the Century in 2012

$3.2 bn spent on Contract of the Century in 2012
# 01 March 2013 09:11 (UTC +04:00)

Baku – APA-Economics. During 2012, ACG spent about $725 million in operating expenditure and $2,495 million in capital expenditure, BP-Azerbaijan told APA-Economics.

In 2013, we expect to spend about 758 million in operating expenditure and 2,514 million in capital expenditure on ACG activities.

Note that, ACG participating interests are: BP (operator – 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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THE OPERATION IS BEING PERFORMED