...

Equinor increases production from Azeri-Chirag-Gunashli

Oil&Gas Materials 10 February 2021 10:56
Equinor increases production from Azeri-Chirag-Gunashli

BAKU, Azerbaijan, Feb.10

By Leman Zeynalova – Trend:

Norway’s Equinor company, which holds 7.27 percent share in Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea, produced 33,500 barrels of oil equivalent per day (boed) of liquids in the fourth quarter of 2020, as compared to 32,900 boed in the third quarter of 2020, Trend reports referring to Equinor’s data.

This is while in the first and second quarter of 2020, the company’s output from ACG equaled to 38,100 boed and 34,200 boed, respectively.

Total ACG production for the full year of 2020 was on average about 477,000 barrels per day (b/d) (about 175 million barrels or 23.6 million tonnes in total) from the Chirag (34,900 b/d), Central Azeri (113,200 b/d), West Azeri (118,900 b/d), East Azeri (64,200 b/d), Deepwater Gunashli (95,400 b/d) and West Chirag (50,400 b/d) platforms.

BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.

ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (replaced Chevron as of 16 April 2020 (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest