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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 22nd, covering the latest developments you need to know.
From the Vatican’s tolling bells to the Eiffel Tower going dark and candlelit vigils in Nairobi, cities on every continent paused this week to mourn Pope Francis, turning plazas, cathedrals and national monuments into a single, global memorial.
Ukraine and Russia have signaled a renewed willingness to pursue peace, as Kyiv prepares for high-level talks in London and Moscow voices support for diplomatic solutions to the ongoing conflict.
Early voting has begun in Australia ahead of the May 3 federal election, with Prime Minister Anthony Albanese’s center-left Labor Party maintaining a narrow lead over the conservative opposition coalition led by Peter Dutton.
Cardinals are set to convene on Tuesday to begin preparations for Pope Francis' funeral, following his sudden death on Monday, and to initiate the transition toward electing the next leader of the Roman Catholic Church.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 22nd, covering the latest developments you need to know.
From the Vatican’s tolling bells to the Eiffel Tower going dark and candlelit vigils in Nairobi, cities on every continent paused this week to mourn Pope Francis, turning plazas, cathedrals and national monuments into a single, global memorial.
Ukraine and Russia have signaled a renewed willingness to pursue peace, as Kyiv prepares for high-level talks in London and Moscow voices support for diplomatic solutions to the ongoing conflict.
Early voting has begun in Australia ahead of the May 3 federal election, with Prime Minister Anthony Albanese’s center-left Labor Party maintaining a narrow lead over the conservative opposition coalition led by Peter Dutton.
Cardinals are set to convene on Tuesday to begin preparations for Pope Francis' funeral, following his sudden death on Monday, and to initiate the transition toward electing the next leader of the Roman Catholic Church.
The Russian ruble has emerged as the top-performing currency globally in 2025, registering an impressive 38% appreciation against the US dollar since the beginning of the year, according to a report by Bloomberg.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
Italian Prime Minister Giorgia Meloni is set to make an official visit to Kazakhstan from April 26 to 27, at the invitation of President Kassym-Jomart Tokayev.
Azerbaijan Culture Days has officially opened in Kyrgyzstan, bringing a vibrant celebration of Azerbaijani art, music, and literature to Bishkek from April 20 to 25.
Iranian Foreign Minister Abbas Araqchi will visit China on Tuesday, days ahead of Tehran-Washington nuclear talks in Oman. Araqchi recently stated that Iran consistently coordinates with allies Russia and China on nuclear-related issues.
Turkish Foreign Minister Hakan Fidan is set to visit Algeria on April 20-21 for high-level strategic talks, according to diplomatic sources.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 22nd, covering the latest developments you need to know.
From the Vatican’s tolling bells to the Eiffel Tower going dark and candlelit vigils in Nairobi, cities on every continent paused this week to mourn Pope Francis, turning plazas, cathedrals and national monuments into a single, global memorial.
Ukraine and Russia have signaled a renewed willingness to pursue peace, as Kyiv prepares for high-level talks in London and Moscow voices support for diplomatic solutions to the ongoing conflict.
Early voting has begun in Australia ahead of the May 3 federal election, with Prime Minister Anthony Albanese’s center-left Labor Party maintaining a narrow lead over the conservative opposition coalition led by Peter Dutton.
Cardinals are set to convene on Tuesday to begin preparations for Pope Francis' funeral, following his sudden death on Monday, and to initiate the transition toward electing the next leader of the Roman Catholic Church.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment