“At the end of 2020, 127 oil wells were producing, while 45 wells were used for water and eight for gas injection. Last year, ACG completed 11 oil producer and 2 injector wells.
In 2020, ACG spent more than $531 million in operating expenditure and more than $1,817 million in capital expenditure on ACG activities,” the company said.
ACG participating interests are: BP (30.37 per cent), SOCAR (25 per cent) MOL (replaced Chevron as of 16 April 2020 (9.57 per cent), INPEX (9.31 per cent), Equinor (7.27 per cent), ExxonMobil (6.79 per cent), TPAO (5.73 per cent), ITOCHU (3.65 per cent), ONGC Videsh Limited (OVL) (2.31 per cent).
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