In 2014, British BP and partners extracted 31.5 million tons of oil (233 million barrels) against 32.2 million tons of oil (239 million barrels), extracted in 2013 on a block of Azerbaijani oil and gas fields Azeri-Chirag-Guneshli.
In January-September 2015, the volume of operating costs within the framework of the project amounted to $570 million, and the capital expenditure amounted to $1.5 billion.
It is projected that in 2015 the volume of capital expenditure within the project will be over $1.99 billion, and operating expenditure will amount to $978.7 million.
The contract for the development of Azeri-Chirag-Guneshli large offshore field in the Azerbaijani sector of the Caspian Sea, with proven oil reserve of nearly 1 billion metric tons, was signed in 1994.
Shares in the contract for development of Azeri-Chirag-Guneshli block of fields are distributed as follows: BP (operator in Azeri-Chirag-Guneshli) - 35.78 percent, Chevron - 11.27 percent, Inpex - 10.96 percent, AzACG - 11.65 percent, Statoil - 8.56 percent, Exxon - 8 percent, TPAO - 6.75 percent, Itochu - 4.3 percent and ONGC - 2.72 percent.
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