BAKU, Azerbaijan, Aug.5. Hungarian MOL Group’s production from Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea was 14,800 barrels of oil equivalent per day in the second quarter of 2022, as compared to 18,100 barrels of oil equivalent per day in the same period in 2021, Trend reports citing MOL Group.
As such, the company’s production dropped by around 18.2 percent year-on-year.
MOL Group also saw a quarter-on-quarter decline from 15,400 barrels of oil equivalent per day in Q1 2022 (-3.9 percent).
Total ACG production in H1 2022 was on average about 424,000 barrels per day (b/d) (about 77 million barrels or 10 million tonnes in total) from the Chirag (25,000 b/d), Central Azeri (108,000 b/d), West Azeri (109,000 b/d), East Azeri (62,000 b/d), Deepwater Gunashli (78,000 b/d) and West Chirag (42,000 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 (9.57 percent), INPEX (9.31 percent), Equinor (7.27 percent), ExxonMobil (6.79 percent), TPAO (5.73 percent), ITOCHU (3.65 percent), ONGCVidesh (2.31 percent).
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