In Q1 Azerbaijan ACG produces 8 million tons of oil.
Edited by Rhod Mackenzie / 2014-05-16 05:40:13
Azerbaijan Azeri-Chirag-Gyuneshli Oil and Gas Azerbaijan Oil and Gas BP Chevron Texaco Exxon Pipelines Statoil
In the first quarter of 2014 the British BP and partners produced eight million tons of oil (58 million barrels) on the block of Azerbaijani oil and gas fields "Azeri – Chirag - Guneshli" (ACG) against 8.09 million tons in January - March 2013. In Q1 the average daily oil production in the ACG amounted to 645.8 thousand barrels.
In 2013, ACG produced 32.2 million tons of oil (239 million barrels) against 32.9 million tons in 2012, Trend reports.
In January-March the amount of the project operating costs amounted to $216 million, and capital cost - $692 million.