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ACG produced 31.5 million tonnes of oil per day

19 February 2015 10:38 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. In 2014, ACG continued to deliver stable production.

According to BP-Azerbaijan, total ACG production in 2014 was on average 638,000 barrels per day (b/d) (233 million barrels or 31.5 million tonnes in total) from the Chirag (61,900b/d), Central Azeri (156,500 b/d), West Azeri (149,300 b/d), East Azeri (74,200 b/d), Deepwater Gunashli(145,900 b/d) and West Chirag (50,200 b/d) platforms.

At the end of the year, a total of 84 oil wells were producing, while 39 wells were used for gas or water injection. In 2014 ACG delivered 14 oil producer wells and 4 water injection wells and 1 cutting re-injector well.

In 2014, approximately $1 billion was spent in operating expenditure and $2.3 billion in capital expenditure on ACG activities.

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