15:26 - 6.02.2020

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February 6, Fineko/abc.az. About $567 million in operating expenditure and $1.476 million in capital expenditure were spent on ACG activities in 2019.

ABC.AZ informs that the data is covered by BP’s report on business operations.

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

In 2019, the project awarded the main fabrication, marine and subsea contracts and started construction activities in July. These activities continued to ramp up through the year.

Currently, topsides and drilling rig fabrication and assembly are progressing in accordance with the plan at the Bibi-Heybat yard, jacket and pin pile fabrication is progressing ahead of schedule at the Heydar Aliyev Baku Deepwater Jackets Factory (BDJF).