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BAKU, May 24 (Reuters) - Oil output from BP-led oilfields in Azerbaijan in the first quarter of 2016 was flatyear-on-year at 8 million tonnes, BP-Azerbaijan said on Tuesday.
Daily oil production at the Azeri-Chirag-Guneshli (ACG)oilfields, which account for most of Azerbaijan's output,declined to an average 651,000 barrels per day (bpd) from661,000 bpd a year ago.
BP said in its report it spent around $137 million inoperating expenditure and $396 million in capital expenditure onACG in the first three months of this year.
Azerbaijan said its total crude oil and condensateproduction fell to 13.98 million tonnes in the first four monthsof 2016 from 14.23 million a year earlier.
Natural gas output from the Shah Deniz offshore field inAzerbaijan rose to 2.7 billion cubic metres (bcm) in the firstquarter of this year from 2.6 bcm in the same period of 2015.
It produced 0.6 million tonnes of condensate, the same as inthe first quarter of the last year.
BP said the Shah Deniz consortium spent around $116 millionin operating expenditure and about $928 million in capitalexpenditure on the project in the first quarter of this year.
Shah Deniz is estimated to contain 1.2-1.5 trillion cubicmetres of gas.
Shah Deniz I has been pumping gas since 2006, while gas fromits second stage is expected to reach Europe by 2019-2020.
Overall gas production in Azerbaijan fell to 9.847 bcm inJanuary-April from 9.898 bcm a year earlier due to a decline inproduction by Azeri state energy company SOCAR.
Azerbaijan plans to produce 41 million tonnes of oil and 29bcm of gas in 2016. (Reporting by Nailia Bagirova and Margarita Antidze; Writing byMargarita Antidze; Editing by William Hardy)
BP (BP.)
