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New technologies to be applied on Azerbaijan's onshore deposit

Oil&Gas Materials 5 March 2018 21:32 (UTC +04:00)

Baku, Azerbaijan, March 5

By Maksim Tsurkov - Trend:

New technologies are planned to be used when developing the Kursangi and Garabagli onshore fields of Azerbaijan in 2018, a source in the oil and gas market told Trend on March 5.

The source said that the use of new technologies may help raise production levels this year.

"Representatives of Chinese company will arrive in Azerbaijan in the second half of the year for the introduction of the technology. The technology consists of pumping of hot air into the seams, which leads to an increase in the oil extension coefficient. If the introduction of the technology is successful, this year oil production can be expected to be above the planned level, " the source said, without specifying the company's name.

The source said that one can speak about the results of the innovation in October.

"The necessary equipment will be delivered until July, after which another four months will be required to set up works, so in October it will become clear how successful these technologies are," the source said.

Salyan Oil produced around 162,000 tons of oil in 2017. Currently, around 445 tons of oil per day is produced from Kursangi and Garabagli fields.

The fields are located in Azerbaijan’s Salyan district, around 150 kilometers from Baku. Some experts believe that the remaining oil reserves in the contract area exceed 150 million tons.

The contract for the development of Kursangi-Garabagli was signed in 1998 for a period of 25 years. Participants of Salyan Oil are the Azerbaijani state oil company SOCAR and China National Oil & Gas Exploration and Development.

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