BAKU, Azerbaijan, March 18. Average daily equity production of Norway’s Equinor from Azeri-Chirag-Gunashli in 2021 stood at 33 mboe/day, as compared to 35 mboe/day in 2020, Trend reports with reference to the company.
As such, Equinor’s equity production from ACG dropped by 5.7 percent year-on-year.
Equinor’s non-current assets in Azerbaijan dropped from $1.708 billion as of December 31, 2020 to $1.654 billion as of December 31, 2021, a 3.16 percent decrease year-on-year.
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).
Total Azeri-Chirag-Gunashli (ACG) production for 2021 was on average about 458,000 barrels per day (b/d), as compared to 477,000 barrels per day in 2020.
---
Follow the author on Twitter: @Lyaman_Zeyn