BAKU, Azerbaijan, May 4. Average daily equity production of Norway’s Equinor company from Azeri-Chirag-Gunashli (ACG) block offshore Azerbaijan stood at 28 000 barrels of oil equivalent per day (mboe/d) in the first quarter of 2023, as compared to 31 500 barrels of oil equivalent per day in 1Q 2022, Trend reports with reference to the company.
As such, the company’s production dropped by 11.11 percent year-on-year.
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), ONGC Videsh (2.31 percent).
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.
A total of 570 million tons of oil and 205 billion cubic meters of natural gas have been produced from the of the Azeri-Chirag-Gunashli (ACG) block of fields since its commissioning.
---
Follow the author on Twitter: @Lyaman_Zeyn