BAKU, Azerbaijan, May 12. Hungarian MOL Group’s production from Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea was 12,400 barrels of oil equivalent per day in the first quarter of 2025, as compared to 12,800 barrels of oil equivalent per day in 1Q 2024, Trend reports citing MOL Group.
As such, the company’s daily production dropped by more than 3 percent year-on-year.
MOL Group also saw a 5.3 percent quarter-on-quarter decrease in ACG output, as it produced 13,100 barrels of oil equivalent per day in 4Q 2024.
The latest data from bp shows that total Azeri-Chirag-Gunashli production for the first quarter of 2025 was on average about 331,000 barrels per day (b/d), as compared to 339,000 b/d in Q1 2024.
ACG participating interests are: bp (30.37%), SOCAR (31.65%), MOL (9.57%), INPEX (9.31%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh (2.92%).
BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
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