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24.5 mln tonnes of oil produced in AGC during first three quarters

14 November 2013 08:36 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. During the first three quarters of 2013 Azeri-Chirag-Deepwater Gunashli (ACG) produced on average 663,200 barrels per day (b/d) (about 181 million barrels or 24.5 million tonnes in total) from the Chirag, Central Azeri, West Azeri, East Azeri and Deepwater Gunashli platforms.

By end of the third quarter, a total of 72 oil wells were producing, while 33 wells were used for injection in the ACG field, as follows:

During the first nine months of 2013, ACG spent about $574 million in operating expenditure and $2,039 million in capital expenditure. For the full year, we expect to spend about $758 million in operating expenditure and $2,514 million in capital expenditure on ACG activities.

ACG participating interests are: BP (operator – 35.8%), SOCAR (11.6%), Chevron (11.3%), INPEX (11%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), ITOCHU (4.3%), ONGC Videsh Limited (OVL) (2.7%).