BAKU, Azerbaijan, Nov.27. Hungarian MOL Group’s
capital expenditure (capex) on growth of Azeri-Chirag-Gunashli
(ACG) block of oil fields within the Azerbaijani part of the Caspian
Sea stood at $38.7 million within the third quarter of 2022, as
in comparison with $37.4 million in the identical interval in 2021, Trend experiences with
reference to the corporate.
As such, the corporate’s capex on ACG growth rose by 3.5
% year-on-year. Other expenditures of the corporate on the
block equaled to $0.8 million in Q3 2022, as in comparison with $0.5
million in Q2 2021.
Total oil output from the Azeri-Chirag-Gunashli (ACG) subject
amounted to 418,000 barrels per day for the primary three quarters of
2022, as in comparison with 461,000 barrels per day in the identical interval of
2021. As such, ACG manufacturing fell by 9.33 % yr over
yr.
BP Exploration (Caspian Sea) Limited is the operator on behalf
of the Contractor Parties to the ACG Production Sharing
Agreement.
ACG taking part pursuits are: bp (30.37 %), SOCAR (25
%), MOL (9.57 %), INPEX (9.31 %), Equinor (7.27
%), ExxonMobil (6.79 %), TPAO (5.73 %), ITOCHU
(3.65 %), ONGCVidesh (2.31 %).
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