BAKU, Azerbaijan, Aug.11
By Leman Zeynalova - Trend:
Hungarian MOL Group’s capital expenditure (capex) on Azeri-Chirag-Gunashli (ACG) block of oil fields in the Azerbaijani section of the Caspian Sea stood at $36.6 million in the second quarter of 2021, Trend reports with reference to the company.
The major part of this amount, namely $36.4 million accounted for the development at ACG. Other expenditures of the company on the block equaled to $0.2 million.
This is while in Q1 2021 the company’s capex on ACG amounted to $44.3 million.
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%), ONGC Videsh Limited (OVL) (2.31%).
BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
In the first half of 2021, bp spent about $266 million in operating expenditure and more than $846 million in capital expenditure on ACG activities.
During the second quarter, ACG continued to safely and reliably deliver stable production. Total ACG production for the first half of 2021 was on average about 468,000 barrels per day (b/d) (about 85 million barrels or 11 million tonnes in total) from the Chirag (30,000 b/d), Central Azeri (111,000 b/d), West Azeri (118,000 b/d), East Azeri (78,000 b/d), Deepwater Gunashli (88,000 b/d) and West Chirag (43,000 b/d) platforms.
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