BAKU, Azerbaijan, Apr.20
By Leman Zeynalova – Trend:
The value of Hungarian MOL Group’s intangible assets in Azerbaijan amounted to 158,852 million HUF in 2020, Trend reports citing the company.
The company’s property, plant and equipment in Azerbaijan are valued at 411,610 million HUF, while investments in associates and joint ventures stood at 16,662 million HUF.
Total intangible assets of MOL Group amounted to 389,768 million HUF in 2020, as compared to 207,964 million HUF in 2019.
MOL Group is one of the shareholders of Azerbaijan's Azeri-Chirag-Gunashli (ACG) project.
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).
BP data shows that 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.
In 2021, the level of production at ACG is forecasted at 487,000 barrels per day.
BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
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