Capital expenditure on ACG drops in Q12024

In the first quarter of 2024, BP and its co-venturers spent about $347 million in capital expenditure on Azeri-Chirag-Deepwater Gunashli (ACG) activities, down $25 million, or 6.72%, from the corresponding period of last year, Report informs, citing BP-Azerbaijan.

Operating expenditures amounted to $115 million, the same as in the previous year.

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%).