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BP-Azerbaijan increases ACG oil extraction by about 7%

Steel News - Published on Sun, 04 Nov 2012

Oil extraction at the Azeri Chirag-Guneshli Field has increased to 705,000 barrels daily since criticism of BP Azerbaijan by Azerbaijani President Ilham Aliyev.

Extraction in mid September amounted to 660,000 barrels. Average daily extraction in general amounted to 684,000 barrels.

SOCAR and BP authorities held a meeting in London and then in Baku. BP-Azerbaijan had two vice presidents replaced, 10 BP specialists arrived in Baku. The two companies agreed on a new form of cooperation within the consortium. Extraction increased by about 45,000 barrels.

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Posted By : admin on Sun, 04 Nov 2012
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