BAKU, Azerbaijan, Aug.5. Hungarian MOL Group’s capital expenditure (capex) on development of Azeri-Chirag-Gunashli (ACG) block of oil fields in the Azerbaijani section of the Caspian Sea stood at $37.2 million in the second quarter of 2022, as compared to $36.4 million in the same period in 2021, Trend reports with reference to the company.
As such, the company’s capex on ACG development rose by 2.2 percent year-on-year. Other expenditures of the company on the block equaled to $0.6 million in Q2 2022, as compared to $0.2 million in Q2 2021.
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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