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ACG production for the two quarters makes on average 655,000 barrels per day

22 August 2016 11:45 (UTC +04:00)

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

BP-Azerbaijan told APA-Economics that total ACG production for the two quarters was on average 655,000 barrels per day (b/d) (over 119 million barrels or 16 million tonnes in total) from the Chirag (51,000 b/d), Central Azeri (153,000 b/d), West Azeri (117,000 b/d), East Azeri (71,000 b/d), Deepwater Gunashli (136,000 b/d) and West Chirag (127,000 b/d) platforms.

At the end of June, 102 oil wells were producing, while 43 wells were used for gas or water injection.

In the first half of 2016, BP spent approximately $260 million in operating expenditure and $828 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.