The production from the offshore oilfields block Azeri-Chirag-Gunashli (ACG) in the I half of 2016 amounted to 16 million tons, 0.3 million tons or 1.9% more than in the same period last year, a source at BP-Azerbaijan (operator of the ACG development) told Turan.
According to BP-Azerbaijan reports, the company in the I half of 2016 reduced the amount of the costs of the project ACG development in comparison with the same period last year by 16.8% or $ 220 million - to $ 1.088 billion.
‘Of this amount, the operating expenses for the ACG project in the reported period amounted to $ 260 million, while the capital expenses were $ 828 million,’ the source in the BP press service said.
Table of Oil Extraction from the ACG Contract Area
|
Platforms |
In January-June 2016 (thousands of barrels) |
In January-June 2015 (thousands of barrels) |
|
Central Azeri |
153 |
157 |
|
West Azeri |
117 |
107 |
|
East Azeri |
71 |
71 |
|
Deepwater Gunashli |
136 |
145 |
|
Chirag |
51 |
55 |
|
West Chirag |
127 |
106 |
|
Total |
655 |
641 |
The average daily oil production on the contract area during the reported period amounted to 655,000 barrels per day, which is 2.2% more than in the same period last year (641,000 barrels).
* Participants in the project are: BP (35.78% - the operator), Chevron (11.27%), Exxon Mobil (8%), Indian ONGC (2.72%), Azerbaijan's SOCAR (11.65%), Japanese Inpex Corp. (10.96%) and Itochu Oil (4.3%), Norwegian Statoil (8.56%), and Turkish TPAO (6.75%).
The oil production from the Chirag field has been carried out from November 1997, from Central Azeri - from 13 February 2005, from Western Azeri – from December 30, 2005, from Eastern Azeri – from October 21, 2006, from Deepwater Gunashli – from the beginning of April 2008, and from Western Chirag – from January 29, 2014. -12B--
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