15:58 - 6.11.2025

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November 6, Fineko/abc.az. Over Jan-Sept 2025, expenditures on Azeri-Chirag-Guneshli field development project reached $1.3 billion (5.1% less versus the 2024 same term), ABC.AZ reports, referring to BP-Azerbaijan.

The total amount of these project costs was $388 million in operating expenses (-3.5%), as well as approx. $912 million in capital expenditures (-5.8%).

ACG is the largest block of oilfields in Azerbaijan. The first production sharing contract for the development of a block of deposits was signed on September 20, 1994. On September 14, 2017, a new agreement was signed on the joint exploitation of these fields and production sharing. This agreement envisages development of fields by the end of 2049.

ACG Project shareholders: BP (30.37%), SOCAR (31.655%), MOL Group (9.57%), INPEX (9.31%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.925%).