In the first six months of 2025, BP and its consortium partners allocated approximately $259 million for operating expenses and $558 million for capital expenditures on the Azeri-Chirag-Gunashli (ACG) project, according to BP, as cited by Day.Az.
Compared to the same period in 2024, when operating costs totaled $243 million and capital expenditures exceeded $698 million, operating expenses rose by 6.6%, while capital spending decreased by over 20% year-on-year.
BP Exploration (Caspian Sea) Limited serves as the operator of the ACG block under the Production Sharing Agreement. The project’s ownership is distributed as follows: BP (30.37%), SOCAR (31.65%), MOL (9.57%), INPEX (9.31%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), and ONGC Videsh (2.92%).
https://news.day.az/economy/1777386.html