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Q1 production from ACG announced

13 May 2015 15:25 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. In the first quarter, ACG continued to deliver stable production. Total ACG production in the quarter was on average 661,000 barrels per day (b/d) (59million barrels or 8million tonnes in total) from the Chirag (54,000 b/d), Central Azeri (159,000 b/d), West Azeri (129,000 b/d), East Azeri (71,000 b/d), Deepwater Gunashli (149,000 b/d) and West Chirag (99,000 b/d) platforms. During the first quarter, West Chirag continued to ramp up production reaching its current level of over 116,000 barrels per day.

At the end of the quarter, 84 oil wells were producing, while 40 wells were used for gas or water injection.

In the first quarter of 2015, BP spent approximately $160 million in operating expenditure and $470 million 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).