Green light for construction stage of ACG Phase 3

摘要

The construction stage of the Azeri,Chirag and Gunashli (ACG) phase 3 project development in the Azeri sector of the Caspian Sea has been sanctioned.Project partners are state-owned Socar (10%) and nine foreign oil companies -BP (operator,34.1%),Unocal (10.3%),Inpex (10%),Statoil (8.6%),ExxonMobil (8%),TPAO (6.8%),Devon (5.6%),Itochu (3.9%) and Amerada Hess (2.7%).The Phase 3 project is a US4.7bn development plan,some S3.2bn of which will be spent on the construction of facilities.