Baku: Approximately $817 million was spent on operations at the Azeri-Chirag-Gunashli (ACG) oil and gas field block during the first half of this year.
According to Azeri-Press News Agency, BP’s report dedicated to the results of its operations in Azerbaijan for the first half of the current year outlined these expenditures.
The report details that around $259 million was allocated for operating expenses, while $558 million was directed towards capital expenditures related to ACG activities during the reporting period. As part of the 4D high-resolution ocean bottom node seismic acquisition program at the ACG field, the processing of seismic data acquired in 2024 was completed in the first half of this year, with data acquisition for the second year commencing in June.
In the first half of 2025, stable production from ACG continued in a safe and reliable manner, averaging 327,000 barrels per day, which amounted to approximately 59 million barrels or 8 million tonnes overall. Notably, in the second quarter, after an approximately four-year pause, the ACG project successfully resumed water injection into the reservoirs from the Chirag platform. Key upgrades on the platform included redesigning and modifying water injection pumps, rebuilding the control system, and drilling a new water injector well using electricity generated by the existing topside and drilling generators, eliminating the need for a separate diesel generator.
Additionally, during the second quarter, the first gas injector well from the ACE platform was safely and successfully brought online according to schedule. By the end of June, a total of 143 oil production wells, 46 water injector wells, and 10 gas injector wells were operational at ACG. In the first half of the year, 3 oil production wells, 3 water injector wells, and 1 gas injector well were drilled and completed at ACG.
The current ACG profit-sharing ratio is as follows: BP holds 30.37% as the operator, AzACG (SOCAR) 31.65%, MOL 9.57%, Inpex 9.31%, ExxonMobil 6.79%, TPAO 5.73%, Itochu 3.65%, and ONGC Videsh Ltd. (OVL) 2.92%.