BAKU, Azerbaijan, November 5. In the first three quarters of 2024, bp and its co-venturers spent about $402 million in operating expenditure and about $968 million in capital expenditure on Azeri-Chirag-Gunashli (ACG) activities, Trend reports.
This is while in the same period in 2023, they spent about $365 million in operating expenditure and $1.109 billion in capital expenditure.
As such, the opex rose by more than 10 percent, while capex dropped by 12.7 percent year-on-year.
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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