BAKU, Azerbaijan, Aug.12
By Leman Zeynalova – Trend:
The value of Hungarian MOL Group’s intangible assets in Azerbaijan amounted to 69,879 million HUF as of H1 2021, Trend reports citing the company.
The company’s property, plant and equipment in Azerbaijan are valued at 508,864 million HUF. Current assets amounted to 36,604 million HUF, including 9,128 million HUF of inventories, 8,784 million HUF of trade and other receivables, 18,686 million HUF of cash and cash equivalents, 6 million HUF of other current assets.
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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