ACG operating expenditure rises by 7% in 2023

In 2023, bp and its co-venturers spent about $504 million (up $34 million, or 7.24% YoY) in operating expenditure and $1,518 million (-$106 million, or 6.53%) in capital expenditure on Azeri-Chirag-Deepwater Gunashli (ACG) activities, Report informs, citing bp-Azerbaijan.

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%), and ONGCVidesh (2.31%).