22 Jul 2013 18:16

BP contractors in Azerbaijan fulfill $3.3 bln in orders in 2008-2012

BAKU. July 22 (Interfax) - BP's contractors for the Azeri-Chirag-Gunashli (ACG) and Shah Deniz offshore projects and Baku-Tbilisi-Ceyhan (BTC) pipeline construction in Azerbaijan fulfilled orders worth $3.31 billion in 2008-2012, BP says in a 2012 Sustainability Review.

Joint ventures carried out $1.961 billion in orders, state enterprises - $182.1 million and small and medium enterprises - $1.17 billion in orders.

BP and its partners have invested a total of $38 billion in ACG, stage one of Shah Deniz, BTC and the South Caucasus pipeline since the projects began.

Total investment in those projects was $18.228 billion in the five years from 2008-2012, including $12.503 billion capital expenditure and $5.725 billion operating expenditure.

ACG yielded 290.2 million tonnes of oil between going on stream in November 1997 and the beginning of this year: the Chirag platform produced 81.2 million tonnes, Central Azeri - 75.7 million tonnes, West Azeri - 68.2 million tonnes, East Azeri - 38.7 million tonnes and Deepwater Gunashli - 26.4 million tonnes.

Shah Deniz, which went on stream in November 2006, produced 37.6 billion cubic meters of gas and 10.1 million tonnes of condensate between then and the start of this year.

Azerbaijan had 11 of BP's 20 most productive wells worldwide in 2012 - six of them at ACG and five at Shah Deniz.

The ACG project participants are BP (35.78%), Chevron - 11.27%, ExxonMobil (8.0006%), ONGC Videsh Limited (2.72%), Inpex - 10.96%, Itochu - 4.3%, SOCAR (11.65%), Statoil (8.56%) and TPAO (6.75%).

The Shah Deniz participants are BP (operator, 25.5%), Statoil (25.5%), SOCAR (10%), Lukoil (