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Contractor for reservoir study on Azerbaijani offshore field defined

Economy Materials 28 August 2015 19:03 (UTC +04:00)

Baku, Azerbaijan, Aug. 28

By Maksim Tsurkov - Trend:

The tender for the integrated geological, geophysical, and reservoir engineering interpretation and reservoir model for the Gum Deniz field was awarded to the US company ERA consulting by Bahar Energy Operating Company Limited (BEOC) at the end of second quarter 2015, the report of the US company Greenfields Petroleum Corporation said Aug.28.

Greenfields is a co-owner of Bahar Energy Operating Company, which is the operator of the of the Bahar project within a PSA agreement signed for the exploration, rehabilitation, development and production (ERDPSA) at the Bahar and Gum Deniz fields.

The goal of the study is to determine the flow units in the field, their extent, and hydrocarbon volumes, both initial and present, and prepare a revised development plan for their effective exploitation, according to the report.

The Bahar field reservoir study awarded to ERA Consultants in February 2015 for the preparation of a detailed reservoir model to be used in selecting re-development opportunities, both workovers and drilling in the Bahar gas field, was completed in draft form with an initial report provided for review May 2015, said the report.

ERDPSA was signed by the State Oil Company of Azerbaijan (SOCAR) and Bahar Energy in 2009.

The private Azerbaijani company Baghlan Group owns a 66.67 percent stake in Bahar Energy, and the remaining 33.33 percent is owned by the US Greenfields Petroleum Corporation.

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