BP-Led ACG Oilfield in Azerbaijan Cuts Production 8%, Turan Says

The BP Plc-led Azeri-Chirag- Guneshli field in Azerbaijan’s section of the Caspian Sea pumped 8 percent less oil in the first quarter, the Turan news service reported, citing a government official it didn’t identify.

The ACG deposit, the country’s largest, delivered 8.1 million metric tons of oil, or an average of 670,000 barrels a day, compared with 8.8 million tons a year earlier, Turan said.

Output has dropped since 2010 when ACG produced on average 823,100 barrels a day. The ACG partners also include Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), Statoil ASA (STL) and State Oil Co. of Azerbaijan.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.