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UPDATE 1-BP-led Azeri oil output rises to 644,000 bpd

Fri, 18th Nov 2016 10:07

(Adds information, background)

BAKU, Nov 18 (Reuters) - Oil output from BP-led oilfields in Azerbaijan rose in the first three quarters of 2016to 644,000 barrels per day (bpd) from 640,000 bpd in the sameperiod last year, BP-Azerbaijan said on Friday.

January-September natural gas production stood at 8 billioncubic metres (bcm) and condensate output was 1.9 million tonnes,up from 7.2 bcm of gas and 1.66 million tonnes of condensate inthe same period last year.

The Azeri-Chirag-Guneshli (ACG) oilfields account for mostof Azerbaijan's oil production. Natural gas is produced at ShahDeniz offshore field, which is estimated to contain 1.2-1.5trillion cubic metres of gas.

BP suspended operations at one platform in the Caspian Sea,East Azeri, on Nov. 7 for 12 days for planned maintenance. Itresumed operations at other oil platform, Guneshli, on Sept.12after a planned shutdown for maintenance, which had lasted 11days.

BP said on Friday ACG operating expenditure was around $378million and capital expenditure was $1.12 billion in the firstnine months of this year.

Azerbaijan said on Tuesday total crude oil and condensateproduction fell 0.9 percent year-on-year to 34.7 million tonnesin the first 10 months of this year. It increased its output ofnatural gas to 24.6 bcm from 24.5 bcm. (Reporting by Margarita Antidze; Editing by Alexander Smith)

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