Operating expenditure for ACG down over 13%

In the first quarter of 2023, Azerbaijan International Operating Company spent about $115 million (-$18 million or 13.5%) in operating expenditure and $372 million (-$24 million or 6.4%) in capital expenditure on ACG activities, Report informs, citing bp's 2023 first quarter results.

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