Bloomberg News

BP-Led ACG Oilfield in Azerbaijan Cuts Production 8%, Turan Says

April 18, 2013

The BP Plc-led Azeri-Chirag- Guneshli field in Azerbaijan’s section of the Caspian Sea pumped 8 percent less oil in the first quarter, the Turan news service reported, citing a government official it didn’t identify.

The ACG deposit, the country’s largest, delivered 8.1 million metric tons of oil, or an average of 670,000 barrels a day, compared with 8.8 million tons a year earlier, Turan said.

Output has dropped since 2010 when ACG produced on average 823,100 barrels a day. The ACG partners also include Exxon Mobil Corp. (XOM:US), Chevron Corp. (CVX:US), Statoil ASA (STL) and State Oil Co. of Azerbaijan.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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