AIOC spends $1.19B on ACG

Gunel Abbasova
Author

Baku. 21 November. REPORT.AZ/ In January-September 2018, Azerbaijan International Operating Company (AIOC) spent $1.192 billion on Azeri-Chirag-Guneshli (ACG) block of fields, down 3% in comparison to a year earlier, Report informs citing BP-Azerbaijan.

In the first three quarters of 2018, about $367 million was spent in operating expenditure and $825 million in capital expenditure on ACG activities, relevantly up 8% and down 7% by contrast to 2017.

ACG participating interests are: BP (30.37 per cent), SOCAR (25.0 per cent), Chevron (9.57 per cent), INPEX (9.31 per cent), Equinor (7.27 per cent), ExxonMobil (6.79 per cent), TPAO (5.73 per cent), ITOCHU (3.65 per cent), ONGC Videsh Limited (OVL) (2.31 per cent).

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