Azeri-Chiraq-Gunashli produces 224 million barrels of oil

In the three quarters of 2009, BP produced roughly 224 million barrels (about 30 million tons) of oil from the Azeri-Chirag-Guneshli fields, which on average is over 822,100 bpd.

As for September, Chirag had 19 wells in operation (13 oil producers and six water injectors) and in January-September produced on average about 105,300 bpd.

Central Azeri had 18 wells (13 oil producers and five gas injectors) and during the reporting period produced 185,800 bpd. A comprehensive study of the results in September 2009, gas leaks and control measures have enabled the company to raise oil production from 12 wells in Central Azeri to over 220,000 bpd.

West Azeri had 18 wells (14 oil producers and four water injectors) and during the reporting period produced around 275,200 bpd.

East Azeri had 13 wells (nice oil producers and four water injectors) and during the reporting period produced around 275,200 bpd.

Deep Water Gunashli had 17 wells (nine oil producers and eight water injectors) and in January-September produced around 116,400 bpd of oil.

Over three quarters of 2009, BP's operating costs on the ACG project amounted to $540 million, and capital costs - $723 million.

Under projects for 2009, operating costs for the ACG project will amount to $839 million and capital costs - $1.639 billion.

ACG participating interests are: BP (operator - 34.1 percent), Chevron (10.2 percent), SOCAR (10 percent), INPEX (10 percent), StatoilHydro (8.6 percent), ExxonMobil (8 percent), TPAO (6.8 percent), Devon (5.6 percent), ITOCHU (3.9 percent), and Hess (2.7 percent).

/Trend Capital/