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BP's YTD oil output at Azeri fields declines on platform maintenance

Nov. 30, 2015 12:42 PM ETBP p.l.c. (BP) StockBPBy: Carl Surran, SA News Editor1 Comment
  • Oil output from BP-led oilfields in Azerbaijan in the first three quarters of 2015 fell compared with last year due to platform maintenance earlier this year.
  • BP says oil output at the Azeri-Chirag-Guneshli oil fields, which account for most of Azerbaijan's production, averaged 640K bbl/day vs. 655.7K in the same period last year and 641K in H1 of this year.
  • Falling output at the ACG oilfields has been a cause of concern with the Azeri government; total oil output rose in 2013 for the first time since 2011, but the decline resumed in 2014.

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