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Share Price Information for BP (BP.)

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Share Price: 471.00
Bid: 470.40
Ask: 470.60
Change: 0.50 (0.11%)
Spread: 0.20 (0.043%)
Open: 468.40
High: 473.15
Low: 467.30
Prev. Close: 470.50
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UPDATE 1-BP's Azeri oil output falls slightly in 2019

Thu, 06th Feb 2020 13:42

(Adds more info, background)

BAKU, Feb 6 (Reuters) - * BP said on Thursday
that oil output at its projects in Azerbaijan declined slightly
last year to 535,000 barrels per day (bpd) or 26 million tonnes
for the whole of the year.

* That was down from 584,000 bpd, or 29 million tonnes, in
2018.

* Associated gas output at the Azeri-Chirag-Guneshli (ACG)
oilfields fell to 2.1 billion cubic metres (bcm) last year, from
2.3 bcm in 2018, the BP-led consortium said in a statement.

* The oilfields account for most of Azerbaijan's oil
production.

* The Sangachal terminal exported about 263 million barrels
of oil. This included about 235 million barrels through the
Baku-Tbilisi-Ceyhan (BTC) pipeline and about 28 million barrels
through Baku-Supsa pipeline, the consortium said.

* The consortium said that its Azeri units produced about
16.8 bcm of natural gas and about 3.5 million tonnes of
condensate at the Shah Deniz field last year, up from 11.5 bcm
and 2.5 million tonnes in 2018.

* More than 45 million standard cubic metres of Shah Deniz
gas was exported daily in 2019.
(Reporting by Nailia Bagirova and Margarita Antidze; editing by
Susan Fenton)

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