ECONOMY
ACG produced 132 million barrels of oil this year
Baku, November 16, AZERTAC
During the third quarter, ACG continued to safely and reliably deliver stable production. Total ACG production for the three quarters was on average about 482,000 barrels per day (b/d) (about 132 million barrels or 17.9 million tonnes in total) from the Chirag (36,000 b/d), Central Azeri (115,000 b/d), West Azeri (118,000 b/d), East Azeri (64,000 b/d), Deepwater Gunashli (97,000 b/d) and West Chirag (52,000 b/d) platforms, according to BP Azerbaijan.
At the end of the quarter, 124 oil wells were producing, while 39 wells were used for water and seven for gas injection.
In the first three quarters of 2020, BP spent about $399 million in operating expenditure and about $1,398 million in capital expenditure on ACG activities.
ACG participating interests are: BP (30.37%), SOCAR (25.0%), MOL (replaced Chevron as of 16 April 2020 (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).
Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
Azerbaijan, Bahamas Gymnastics Federation embark on cooperation
- 23.04.2024 [15:57]
Slovenia hosts high-level conference of Nizami Ganjavi International Center
- 23.04.2024 [15:18]
Azerbaijan Army’s tanks units hold competition, Defense Ministry VIDEO
- 23.04.2024 [15:02]
Azerbaijan produces over 7 billion kWh of electricity in Q1 2024
- 23.04.2024 [14:43]
Another 39 families relocated to Fuzuli city get house keys VIDEO
- 23.04.2024 [14:01]
Tunisia, Algeria, Libya agree to advance cooperation
- 23.04.2024 [13:59]
Copernicus report shows year of weather extremes in Europe
- 23.04.2024 [13:33]
Heydar Aliyev International Airport: the path to development
- 23.04.2024 [13:03]
Azerbaijan, Albania abolish visa regime
- 23.04.2024 [12:44]
Oil prices in global markets
- 23.04.2024 [11:24]
Türkiye hosts inaugural event on ocean action, climate crisis
- 23.04.2024 [11:02]
Azerbaijani oil price declines in global markets
- 23.04.2024 [11:00]
4 missing after vessel hit bridge in China's Guangdong
- 23.04.2024 [10:19]
10 killed after 2 Malaysian military helicopters crash
- 23.04.2024 [10:12]
Inter Milan win Italian Serie A title with 5 games left
- 23.04.2024 [09:57]
Pakistan-Azerbaijan Economic Integration Model: An Expert Opinion
- 22.04.2024 [23:55]
Azerbaijani FM embarks on official visit to Czech Republic
- 22.04.2024 [23:47]
President Ilham Aliyev concluded his working visit to Russia
- 22.04.2024 [23:32]
President of Russia: BAM shapes global logistics for the entire 21st century
- 22.04.2024 [21:34]
Chair of Georgian Parliament’s committee visits Milli Majlis
- 22.04.2024 [21:08]
Presidents of Azerbaijan and Russia had joint dinner
- 22.04.2024 [20:55]
Jordan welcomes Azerbaijan-Armenia agreement and border demarcation efforts
- 22.04.2024 [19:06]
Azerbaijani boxer beats Armenian rival at European Championships in Serbia
- 22.04.2024 [18:53]
Egypt reclaims 3,400-year-old stolen statue of King Ramses II
- 22.04.2024 [18:20]
Baku Engineering University teams shine at Robotex Türkiye
- 22.04.2024 [17:56]
Azerbaijan, Georgia discuss cooperation in transport and ICT sectors
- 22.04.2024 [17:10]
ANAMA: 452 unexploded ordnances neutralized over past week
- 22.04.2024 [15:44]
Azerbaijani judokas shine at Lignano Junior European Cup 2024
- 22.04.2024 [15:33]
160 Chinese electric buses to hit the roads in Azerbaijan in 2024
- 22.04.2024 [15:14]
Global defence budget jumps to record high of $2440bn
- 22.04.2024 [14:45]
Conference on Azerbaijan-China relations commences in Baku VIDEO
- 22.04.2024 [14:27]
Türkiye's President Erdogan arrives in Iraq's capital Baghdad for talks
- 22.04.2024 [13:46]
Sun Zhuangzhi: Azerbaijan is of great significance to Chinese people
- 22.04.2024 [12:59]
UN says heavy rains to affect about 770,000 people in Somalia
- 22.04.2024 [12:54]
Air Defense Units conduct live-fire tactical exercise
- 22.04.2024 [12:51]
11 missing in Guangdong rainstorm
- 22.04.2024 [11:41]
Azerbaijani Paralympic swimmer secures European gold in Portugal
- 22.04.2024 [11:13]
UK returns looted Ghana treasures on loan in six-year deal
- 22.04.2024 [10:58]
Global oil prices drop
- 22.04.2024 [10:57]
Azerbaijan relocates 39 more families to Fuzuli city VIDEO
- 22.04.2024 [10:57]
UAE welcomes agreement between Azerbaijan and Armenia
- 22.04.2024 [10:50]
Real Madrid secure hard-fought 3-2 win against Barcelona
- 22.04.2024 [10:31]
1,300 people evacuated as 1999 NATO bomb removed from Serbian city
- 22.04.2024 [10:27]
Japan PM sends offering to war-linked Yasukuni shrine for spring rite
- 22.04.2024 [10:22]
Ersin Tatar announces upcoming visit to Azerbaijan
- 21.04.2024 [21:18]
Two Japan navy helicopters crash, one body found, 7 missing
- 21.04.2024 [14:18]
China launches new remote sensing satellite VIDEO
- 21.04.2024 [14:07]
US House approves major military aid package for Ukraine
- 21.04.2024 [11:40]