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ACG produces 7 million tonnes of oil in Q1

17 May 2018 10:44 (UTC +04:00)

In the first quarter of 2018, ACG continued to safely and reliably deliver stable production.

BP-Azerbaijan told APA-Economics that total ACG production for the quarter was on average 597,000 barrels per day (b/d) (about 54 million barrels or 7 million tonnes in total) from the Chirag (53,000 b/d), Central Azeri (156,000 b/d), West Azeri (123,000 b/d), East Azeri (94,000 b/d), Deepwater Gunashli (109,000 b/d) and West Chirag (62,000 b/d) platforms.

At the end of the quarter, 118 oil wells were producing, while 52 wells were used for gas and water injection.

ACG participating interests are: BP (30.37 per cent), SOCAR (25.0 per cent), Chevron (9.57 per cent), INPEX (9.31 per cent), Statoil (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).

In the first quarter of 2018, BP-Azerbaijan spent about $102 million in operating expenditure and $260 million in capital expenditure on ACG activities.