Some 60 million barrels of oil extracted at ACG in Azerbaijan in Q1

During the first quarter of 2013, British BP and its partners produced on average 662,000 barrels per day (b/d) (59.6 million barrels or 8.06 million tons in total) at the block of Azerbaijani Azeri-Chirag-Gunashli (ACG) oil and gas fields, BP's official report on its activity in Azerbaijan in Jan.-March said today.

During the first quarter of 2013, ACG spent about $198 million in operating expenditure and $648 million in capital expenditure. For the full year, we expect to spend about $861 million in operating expenditure and $2.514 million in capital expenditure on ACG activities.

ACG participating interests are: BP (operator - 35.8 per cent), Chevron (11.3 per cent), SOCAR (11.6 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) and ONGC Videsh Limited (OVL) (2.7 per cent).


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