BAKU, Azerbaijan, April 7. Revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from the Azeri-Chirag-Gunashli (ACG) block of fields from January 1, 2023, through March 31, 2023, stood at $2.044 billion, compared to 1.866 billion in the same period in 2022, Trend reports via SOFAZ.
Thus, the Fund’s revenues from ACG grew by 9.54 percent or $178 million year-on-year.
SOFAZ’s revenues from the block amounted to $9.889 billion as of 2022.
A total of 570 million tons of oil and 205 billion cubic meters of natural gas have been produced since the start of the exploitation of the Azeri-Chirag-Gunashli block of fields.
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.
ACG participating interests are as follows: 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), and ONGC Videsh Limited (2.31 percent).