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ACG produces 8 mln tonnes of oil in Q1

24 May 2016 11:56 (UTC +04:00)

Baku - APA-Economics. In the first quarter, ACG continued to safely and reliably deliver stable production.

BP-Azerbaijan told APA-Economics that total ACG production for the quarter was on average 651,000 barrels per day (b/d) (over 59 million barrels or 8 million tonnes in total) from the Chirag (46,000 b/d), Central Azeri (155,000 b/d), West Azeri (116,000 b/d), East Azeri (69,000 b/d), Deepwater Gunashli (139,000 b/d) and West Chirag (126,000 b/d) platforms.

At the end of the first quarter of 2016, 95 oil wells were producing, while 41 wells were used for gas or water injection.

ACG completed 5 oil producer wells and 2 water injection wells during the first quarter of 2016.

In the first quarter of 2016, BP spent approximately $137 million in operating expenditure and $396 million in capital expenditure on ACG activities.

ACG participating interests are: BP (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), ONGCVidesh Limited (OVL) (2.7 per cent).

BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.