BP: Total production from Azeri-Chirag-Gunashi oil field exceeded 3,6 billion barrels

14/11/2019 08:51 Oil Market

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A total of 3,6 billion tons of oil has been produced since the commissioning of operation of Azeri-Chirag-Gunashli (ACG) fields, according to BP.

Total ACG production for the first nine months of 2019 was on average about 541,000 barrels per day (b/d) (about 148 million barrels or 20 million tonnes in total) from the Chirag (41,000 b/d), Central Azeri (133,000 b/d), West Azeri (121,000 b/d), East Azeri (92,000 b/d), Deepwater Gunashli (95,000 b/d) and West Chirag (59,000 b/d) platforms.

 

In the first three quarters of 2019, the company spent more than $418 million in operating expenditure and about $1,034 million in capital expenditure on ACG activities.

 

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

 

ACG participating interests are: BP (30.37 per cent), SOCAR (25.0 per cent), Chevron (9.57 per cent), INPEX (9.31 per cent), Equinor (7.27 per cent), ExxonMobil (6.79 per cent), TPAO (5.73 per cent), ITOCHU (3.65 per cent), ONGC Videsh Limited (OVL) (2.31 per cent).

Source: azertag.az

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