Baku 31° 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
17:45
Hikmat Hajiyev, Armen Grigoryan meet in Dilijan
Foreign policy17:29
Mirzoyan to attend EU Ministerial Council meeting in Luxembourg
Region17:08
Seven killed, 33 injured as storms lash Pakistan
Other countries16:47
Araghchi: Regional security cannot be ensured by ignoring Iran
Region16:13
Qatari negotiators in Tehran for talks on US-Iran agreement
Other countries16:07
Swiss voters set to reject population cap in referendum, avoiding EU clash
Other countries15:54
Video
Azerbaijani Defense Ministry presents weekly summary of events
Military15:04
Photo
Exhibition showcases works by Azerbaijani women artists
Exhibitions14:34