Middle East Economic Survey
VOL. XLVIII
No 51
19-December-2005
CASPIAN
BP Azerbaijan Reports 2005 Costs And Production Exceeding Projections
Development costs as well as crude oil production have exceeded BP Azerbaijans 2005 projections for the offshore Azeri-Chirag-Guneshli (ACG) oilfields. Speaking in Baku on 14 December, David Woodward, Associate President of BP Azerbaijan, said capital and operating expenditures had exceeded planned costs by $400mn and $39mn respectively. Crude oil production...
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