Operating and capital expenditures on ACG activities fall this year

In the first three quarters of 2019, more than $418 million was spent in operating expenditure and about $1,034 million in capital expenditure on ACG activities, respectively down by $51 million or 13.9% and $209 million or 25.3% from previous year, Report informs referring to BP-Azerbaijan.

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).

BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.