Equinor reduces liquids output from Azeri-Chirag-Gunashli

Oil&Gas Materials 27 October 2021 13:47 (UTC +04:00)
Equinor reduces liquids output from Azeri-Chirag-Gunashli

BAKU, Azerbaijan, Oct.27

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 32,600 barrels of oil equivalent per day (boed) of liquids in the third quarter of 2021, as compared to 32,900 boed in the third quarter of 2020, Trend reports referring to Equinor’s data.

As such, the company’s production from ACG dropped by 0.9 percent y-o-y.

This is while in the first and second quarter of 2021, the company’s output from ACG equaled to 35,200 boed and 32,800 boed, respectively.

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 (25.0 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).


Follow the author on Twitter: @Lyaman_Zeyn