Baku 14° C
533 mln USD spent on ACG project in Q1 of 2016
Energy
- 24 May, 2016
- 13:16
Baku. 24 May. REPORT.AZ/ In the first quarter of 2016, operating expenses for the project "Azeri-Chirag-Guneshli" (ACG) totaled approximately 137 mln USD, capital expenditure -. 396 mln USD..
Report informs referring to BP-Azerbaijan, ACG expenses decreased YoY by 15.4%.
During the reporting period, 5 and 2 water wells drilled in ACG.
Agreement on the joint development and sharing production from ACG block of fields was signed on September 20, 1994 in Baku.
Participants in the project are the companies BP (35,8% - operator), SOCAR (11,6%), Chevron (11,3%), Inpex (11%), Statoil (8,6%), ExxonMobil (8%), TPAO (6,8%), Itochu (4,3%), ONGC Videsh Ltd. (2.7%).
Author
Latest News
11:53
Iran has no tankers at sea, no surplus of oil to export — ministry
Region11:38
US authorizes operations with Iranian oil for one month
Other countries11:21
Iran ready to allow Japanese ships to pass through Strait of Hormuz — foreign minister
Other11:03
China adds 12 banks to digital yuan system, expanding e-CNY's economic presence
Other countries10:50
11 people killed at car parts plant fire in S.Korea
Other countries10:35
Photo
White rose planted at Azerbaijan Embassy using shovel made from mine debris
Foreign policy10:22
US and allies move to build missiles and drones closer to Asia's flashpoints
Other countries10:17
Turkish MFA condemns Israel's attack on southern Syria
Region09:51