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MOL is the third largest shareholder in the ACG field, where non-associated gas reservoirs were identified beneath and above the oil producing reservoirs. After Socar and BP, MOL is the third largest shareholder in the giant ACG field, where non-associated gas reservoirs were identified beneath and above the producing oil reservoirs. The partners have now agreed on the development and commercial exploitation of these reserves. MOL has also signed a Memorandum of Understanding with Socar to evaluate further potential cooperation opportunities in the area of hydrocarbon exploration in Azerbaijan. The commercial agreements amend the existing ACG production sharing agreement PSA framework, enabling the parties to progress the exploration, appraisal, development of and production from the gas reservoirs of the ACG field. ACG non-associated gas resources are believed to be significant, with up to 4 trillion cubic feet ca. Drilling of the initial producing well has already started from the West Chirag Platform, with first gas expected in The well is important as it will deliver appraisal through production which is expected to underpin future development plans. Do you want the latest news, specialist articles and information on new products? Then you can register for our free newsletter:. ACG is our crown jewel as it is the largest international contributor to our hydrocarbon production. The production of the field gives us crude oil sourcing flexibility for our refineries both in Slovakia and Croatia so the whole region benefits from this partnership. In light of this, I am very honored to sign an additional memorandum of understanding with our valued partner, Socar. It clearly shows that this partnership has a great future and I am looking forward to further exploration successes in Azerbaijan onshore in addition to the ongoing offshore ACG development. MOL Group entered Azerbaijan in by acquiring a 9. Despite being a minority shareholder, MOL actively contributes to the development of ACG with its 8 decades-long reservoir management, subsurface and production optimization knowledge. Please enter a valid mailadress. For more information, please see our Privacy Policy. Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy. KG, Max-Planck-Str. AktG hereafter: Vogel Communications Group using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here. Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional editorial newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter. Latest Articles in 'Engineering'. Latest Articles in 'Water Treatment'. Latest Articles in 'Powder Bulk Handling'. Latest Articles in 'Heat Transfer'. Latest Articles in 'Achema'. MOL Group Plc. Gerhard Schubert GmbH - Verpackungsmaschinen. Stay up to Date Do you want the latest news, specialist articles and information on new products? Then you can register for our free newsletter: Choose your Newsletter. Unfold for details of your consent. Stand vom A list of all affiliated companies can be found here Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional editorial newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. Right of revocation I understand that I can revoke my consent at will.
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Buying powder Shamakhi
MOL Enters into Commercial Agreements for Development of Gas Reserves in Azerbaijan
Buying powder Shamakhi
Buying powder Shamakhi
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Buying powder Shamakhi
Buying powder Shamakhi
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Buying powder Shamakhi