Aslanbayli noted that the ACG platform Chirag started producing oil on November 7, 1997. Since then, more than 500 million tons of oil have been extracted from the field’s block. The 500 millionth tons of oil from the ACG was produced at the end of December of last year.
Direct revenue of the Azerbaijani government from the ACG block of oil fields exceeds $140 billion. BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
ACG participating interests are: BP (30.37%), SOCAR (25.0%), Chevron (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).
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