Last year, approximately $1.83 billion was spent on operations at the Azeri-Chirag-Gunashli (ACG) oil and gas field block, according to BP's annual report on its activities in Azerbaijan.
Of this amount, around $535 million was allocated for operational expenses, while $1.293 billion was spent on capital expenditures.
"In mid-April, the first oil was extracted from the new ACE platform, the seventh installed at the giant ACG field in the Caspian Sea. The first oil from the ACE platform came from the first well drilled at the end of 2023. In 2024, two additional production wells were brought online, increasing ACE's output to approximately 26,000 barrels per day by year-end," the report stated.
The report also highlighted that stable and safe production continued at ACG throughout 2024. The average daily production from ACG was around 342,000 barrels, totaling approximately 125 million barrels (16 million tons) for the year. By the end of the year, ACG had 148 active oil production wells, 46 water injection wells, and seven gas injection wells.
Additionally, during the year, 14 new oil production wells, three water injection wells, one gas injection well, and one well for reinjecting drilling waste were completed.
U.S. President Donald Trump has announced the lifting of long-standing sanctions on Syria, marking an unexpected shift in Washington’s Middle East policy.
During a U.S.-Saudi investment forum in Riyadh, President Donald Trump issued a sharp warning to Iran, declaring that the country will "never have a nuclear weapon."
China on Tuesday dismissed U.S. accusations over fentanyl trafficking, saying the crisis is an issue for the United States to resolve.
At least 14 people have died and six others are in critical condition after consuming toxic liquor overnight in several villages near Amritsar in northern Punjab, police said on Tuesday
Israel targeted senior Hamas leader Mohammad Sinwar in an airstrike on a hospital in southern Gaza on Tuesday , according to a senior Israeli official and two sources familiar with the operation.
U.S. President Donald Trump has announced the lifting of long-standing sanctions on Syria, marking an unexpected shift in Washington’s Middle East policy.
A recent Pakistan-India clash is reshaping global views on Chinese weapons, as Pakistan’s reported use of J-10C jets and PL-15 missiles boosts China’s arms credibility and raises concerns in regions like Taiwan.
During a U.S.-Saudi investment forum in Riyadh, President Donald Trump issued a sharp warning to Iran, declaring that the country will "never have a nuclear weapon."
Sean Combs’ ex-girlfriend Casandra Ventura, known as Cassie, offered harrowing testimony in a federal trial, accusing the music mogul of repeated physical abuse and coercion.
China on Tuesday dismissed U.S. accusations over fentanyl trafficking, saying the crisis is an issue for the United States to resolve.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Uzbekistan and China will implement a mutual visa-free travel regime beginning June 1, following the completion of all required internal procedures on both sides, the Uzbek Foreign Ministry announced.
Russia’s Rosatom has launched the production of key reactor equipment for Uzbekistan’s first small modular nuclear power plant, marking a major milestone in the bilateral energy project, Rosatom announced.
Armenian alcohol producers rallied outside the Georgian Embassy in Yerevan, demanding answers over prolonged border delays they say are blocking exports to Russia and causing major financial losses.
On May 13, President of Azerbaijan Ilham Aliyev received Turkish Minister of National Defence Yaşar Güler in Baku, where both sides praised bilateral military cooperation and Türkiye’s recent success in combating terrorism.
U.S. President Donald Trump has announced the lifting of long-standing sanctions on Syria, marking an unexpected shift in Washington’s Middle East policy.
A recent Pakistan-India clash is reshaping global views on Chinese weapons, as Pakistan’s reported use of J-10C jets and PL-15 missiles boosts China’s arms credibility and raises concerns in regions like Taiwan.
During a U.S.-Saudi investment forum in Riyadh, President Donald Trump issued a sharp warning to Iran, declaring that the country will "never have a nuclear weapon."
Sean Combs’ ex-girlfriend Casandra Ventura, known as Cassie, offered harrowing testimony in a federal trial, accusing the music mogul of repeated physical abuse and coercion.
China on Tuesday dismissed U.S. accusations over fentanyl trafficking, saying the crisis is an issue for the United States to resolve.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment