BAKU, Azerbaijan, Apr.19
By Leman Zeynalova - Trend:
Hungarian MOL Group’s capital expenditure (capex) on Azeri-Chirag-Gunashli (ACG) block of oil fields in the Azerbaijani section of the Caspian Sea stood at 36 billion HUF or $119.5 million in the financial year (FY) of 2020, Trend reports with reference to the company.
This amount was fully spent on development at ACG. Other expenditures of the company on the block equaled to 0.2 billion HUF or $66,479.
In 2020, BP spent more than $531 million in operating expenditure and more than $1,817 million in capital expenditure on Azeri-Chirag-Gunashli (ACG) activities.
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 percent), SOCAR (25 percent), MOL (replaced Chevron as of 16 April 2020 (9.57 percent), INPEX (9.31 percent), Equinor (7.27 percent), ExxonMobil (6.79 percent), TPAO (5.73 percent), ITOCHU (3.65 percent), ONGC Videsh Limited (OVL) (2.31 percent).
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