Word on the street is that Chevron and ExxonMobil are looking to sell their interests in the Azeri-Chirag-Gunashli field in the Caspian Sea and re-focus on domestic production. Up to USD 2 bn could be netted from Exxonâs 6.8% stake. Chevron has 9.57% in ACG and 8.9% in the Baku-Tbilisi-Ceyhan pipeline, which would also be on the table. Both companies had moved-in to ACG in 1994. BP (op), partners Socar, Chevron, Inpex, Statoil, ExxonMobil, TPAO, Itochu + ONGC Videsh. The PSA runs to 31 Dec â49.
Word on the street is that Chevron and ExxonMobil are looking to sell their interests in the Azeri-Chirag-Gunashli field in the Caspian Sea and re-focus on domestic production. Up to USD 2 bn could be netted from Exxonâs 6.8% stake. Chevron has 9.57% in ACG and 8.9% in the Baku-Tbilisi-Ceyhan pipeline, which would also be on the table. Both companies had moved-in to ACG in 1994. BP (op), partners Socar, Chevron, Inpex, Statoil, ExxonMobil, TPAO, Itochu + ONGC Videsh. 