...

MOL Group reveals capex on dev’t of Azeri-Chirag-Gunashli

Oil&Gas Materials 20 February 2023 13:08 (UTC +04:00)
MOL Group reveals capex on dev’t of Azeri-Chirag-Gunashli
Laman Zeynalova
Laman Zeynalova
Read more

BAKU, Azerbaijan, Feb.20. 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 $152.5 million in 2022, as compared to $156.3 million in 2021, Trend reports with reference to the company.

As such, the company’s capex on ACG development dropped by 2.4 percent year-on-year. Other expenditures of the company on the block equaled to $2.8 million in 2022, as compared to $2.6 million in 2021.

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%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGCVidesh (2.31%).

During 2022, ACG continued to safely and reliably deliver stable production. Total ACG production for the full year was on average about 415,400 barrels per day (b/d) (about 152 million barrels or 20 million tonnes in total) from the Chirag (25,200 b/d), Central Azeri (104,100 b/d), West Azeri (106,400 b/d), East Azeri (64,000 b/d), Deepwater Gunashli (76,300 b/d) and West Chirag (39,400 b/d) platforms.

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest