Baku, Azerbaijan, May 22
By Maksim Tsurkov - Trend:
Azerbaijani operating company Salyan Oil, which is developing the Kursangi and Garabagli onshore oil fields in the country, has produced more than 62,000 tons of oil since the beginning of the year, a source on the country’s oil and gas market told Trend May 22.
"The average daily production is about 440 tons per day, and this level is planned to be maintained throughout the year. In total, since the beginning of the year, to date, a little more than 62,000 tons of oil have been produced," the company told Trend.
The company added that currently, the extraction is carried out from 255 wells at the "Kursangi" and "Garabaghli" fields.
According to the adjusted plans, Salyan Oil Company plans to produce about 160,000 tons of oil in 2018.
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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