ACG`s operations cost $418 million in operating costs and $1.034 bn in capital expenditures

13:05 - 5.11.2019

November 5, Fineko/abc.az. In the first 3 quarters of 2019 it was spent more than $418 million in operating expenditure and about $1.034 bn in capital expenditure on ACG activities.

ABC.AZ reports on the occasion with reference to BP Azerbaijan.

In April 2019 the ACG partnership took a decision to commence the next stage of development of the ACG field with a $6 bn project which includes a new offshore platform and facilities designed to process up to 100,000 bpd of oil. The project is expected to achieve first production in 2023 and produce up to 300 million barrels of oil over its lifetime. 

 

 

Other news