BAKU, Azerbaijan, Feb.9. In 2022, bp spent about $470 million in operating expenditure and $1,624 million in capital expenditure on Azeri-Chirag-Gunashli (ACG) activities, Trend reports with reference to bp.
In 2021, the operating expenditure on ACG stood at $533 million, while capital expenditure amounted to $1,660 million. As such, the company’s operating and capital expenditure dropped by 11.8 percent and 2.16 percent, respectively.
During the year, ACG continued to safely and reliably deliver stable production. Total ACG production for the full year was on average about 415,400 barrels per day (b/d) (about 152 million barrels or 20 million tonnes in total) from the Chirag (25,200 b/d), Central Azeri (104,100 b/d), West Azeri (106,400 b/d), East Azeri (64,000 b/d), Deepwater Gunashli (76,300 b/d) and West Chirag (39,400 b/d) platforms.
BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGCVidesh (2.31%).
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