Further to DEA 10 Oct '19, MOL has agreed to acquire Chevron's 9.57% stake in the Azeri-Chirag-Guneshli (ACG) field, Chevron + Exxon having each signaled an intention to exit the Caspian Sea field December last. The USD 1.57 bn deal comprises an 8.9% stake in the Baku-Tbilisi-Ceyhan (BTC) pipeline and will be retro-effective 1 Jan '19. Rights had so far been run by BP (op) 30.37%, Socar 25%, Chevron 9.57%, Inpex 9.31%, Equinor 7.27%, ExxonMobil 6.79%, TPAO 5.73%, Itochu 3.65% and OVL 2.31%. Release here.
MOL (BP 30,37% op, Socar 25%, Inpex 9,31%, Equinor 7,27%, ExxonMobil 6,79%, TPAO 5,73%, Itochu 3,65%, OVL 2,31%) has agreed to acquire Chevron's 9,57% stake in the Azeri-Chirag-Guneshli (ACG) field, for US$1,57 billion (comprises an 8,9% stake in the Baku-Tbilisi-Ceyhan (BTC) pipeline). 