BAKU, Azerbaijan, Aug.10. Average daily entitlement production of H1 2022 by Hungarian MOL Group at Azeri-Chirag-Gunashli (ACG) was 15.1 mbpd, whereas it amounted to 19.1 mbpd for the same period in 2021, Trend reports with reference to the company.
“This 21 percent decrease in entitlement production is mainly attributable to a lower entitlement share owing to the overall higher hydrocarbon price environment experienced in 2022, base performance decline and turnaround carried out on East Azeri platform,” said the company.
MOL Group notes that drilling program activities are in progress, with eight new producer wells delivered in H1 2022. The Azeri Central East (ACE) project is progressing.
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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