Bank Of Baku

Operating and capital expenditures on ACG announced

Operating and capital expenditures on ACG announced
# 20 November 2014 12:42 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. During the first three quarters of 2014, approximately $720 million was spent in operating expenditure and $1,741 million in capital expenditure on ACG activities.

 

BP-Azerbaijan told APA-Economics that for the full year, it is planned to spend approximately $1,052 million in operating expenditure and $2,068 million in capital expenditure.

 

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).

 

 

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THE OPERATION IS BEING PERFORMED