BP says oil output at Azeri projects falls 8% in H1

13Views

August 13, 2020

BAKU Oil major BP said on Thursday output at its projects in Azerbaijan fell to 498,000 barrels per day (bpd) in the first half from 542,000 bpd in the same period of last year.

The fields account for most of Azerbaijan’s oil production.

In the first six months of 2020, the company produced more than 12 million tonnes of oil and 1.3 billion cubic metres (bcm) of associated gas in Azerbaijan, BP said.

A BP-led consortium said in a statement its operating expenditure reached $268 million and its capital expenditure $947 million at the Azeri-Chirag-Guneshli (ACG) oilfields in the period.

The consortium said its Azeri units had produced 9.4 bcm of natural gas and 1.9 million tonnes of condensate at the Shah Deniz field.

Also Watch

China- Pak Economic Corridor (CPEC): A Corridor Of Deceit? | The Right Stand | CNN News18

Its operating expenditure for Shah Deniz stood at $409 million in the first half and its capital expenditure at about $452 million, the majority of which was associated with the Shah Deniz II project.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Array
(
[videos] => Array
(
[0] => Array
(
[id] => 5f3560b1046bae25c91d98a5
[youtube_id] => oqQgLMbqe8E
BP says oil output at Azeri projects falls 8% in H1 => China- Pak Economic Corridor (CPEC): A Corridor Of Deceit? | The Right Stand | CNN News18
)

[1] => Array
(
[id] => 5f355f49046bae25c91d9813
[youtube_id] => tIuRuL6mH0c
BP says oil output at Azeri projects falls 8% in H1 => India- China Faceoff: What Will Thaw The Himalayan Freeze? | Debrief | CNN News18
)

)

[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c278c2f2492e214884,5d96f74de3f5f312274ca307&categories=5d95e6d7340a9e4981b2e10a&publish_min=2020-08-10T16:01:03.000Z&publish_max=2020-08-13T16:01:03.000Z&sort_by=date-relevance&order_by=0&limit=2
)

BP says oil output at Azeri projects falls 8% in H1

Also Watch

Speak Your Mind

LEAVE A REPLY Cancel reply

Get in Touch

Recommend for You

Oh hi there It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

You might also like

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

About Us

Follow Us

Support Us & Be a Patreon

Add QNewsHub to your Homescreen!

Oh hi there
It’s nice to meet you.