US company reveals output volume at Azerbaijan’s Bahar-Gum Deniz block

Oil&Gas Materials 19 October 2018 09:53 (UTC +04:00)

Baku, Azerbaijan, Oct.19

By Leman Zeynalova – Trend:

Gross production at Azerbaijan’s Bahar-Gum Deniz block of oil and gas fields in the third quarter of 2018 stood at 681 barrels per day of oil, US Greenfields Petroleum Corporation told Trend.

This is while the gross production of gas at the block during the reporting period totaled 21,566 mcf/d (thousand cubic feet per day), said the company.

Greenfields Petroleum Corporation is a junior oil and natural gas company focused on the development and production of proven oil and gas reserves principally in Azerbaijan. Through its wholly owned subsidiary Bahar Energy Limited (BEL), the corporation owns an 80 percent interest in the Exploration, Rehabilitation, Development and Production Sharing Agreement (the “ERDPSA”) with the State Oil Company of Azerbaijan ("SOCAR") and its affiliate SOCAR Oil Affiliate (“SOA”) in respect of the offshore block known as Bahar Gum Deniz (the “Bahar Project”) which includes the Bahar Gas Field and the Gum Deniz Oil Field.

The Bahar Gas Field consists of 45 offshore platforms including a central processing and metering platform to gather the gas for onward transport through a three 12-inch pipelines to the shore-based gas and liquid handling facilities. The platforms, in most cases are built on 24 to 30 pilings each in an average water depth of about 16 metres.

A total of 203 wells were drilled in Bahar Gas Field prior to 2010. More than 100 of these wells remain available for BEOC to utilize at its discretion in current or future operations. Currently 10 of these wells are producing natural gas.


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