Oil production from ACG announced

In 2011, ACG produced on average 717,600 barrels per day (b/d) (261.9 million barrels or 35.4 million tonnes in total) from the Chirag, Central Azeri, West Azeri, East Azeri and Deepwater Gunashli platforms.

BP produced 40.6 million tons (300.4 million barrels) of oil from ACG In 2010 compared to more than 40.3 million tons in 2009.

Operating expenditures at ACG forecasted at about $708 million and capital expenditure at $2,516 million in 2012. ACG spent $699 million in operating expenditure and $1.912 million in capital expenditure during 2011.

ACG participating interests are: BP (operator - 35.78 per cent), SOCAR (11.65 per cent), Chevron (11.27 per cent), INPEX (10.96 per cent), Statoil (8.56 per cent), ExxonMobil (8 per cent), TPAO (6.75 per cent), ITOCHU (4.3 per cent) and Hess (2.72 per cent).


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