VOL. XLV
No 51/52
23/30-December-2002
CASPIAN
BP Azerbaijan Reports 2002 ACG Oil Production 128,000 B/D, Reveals Plans For 2003
BP Azerbaijan President David Woodward announced on 13 December that crude production at the Chirag platform in the Azeri-Chirag-Guneshli (ACG) oilfields averaged 128,000 b/d in 2002, up 7% from 2001. Mr Woodward said that BP incurred $88mn in operating costs during 2002 compared to a target of $92mn and incurred $1.172bn in capital expenditures compared to a target of...
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