Baku, Azerbaijan, Nov.5
By Leman Zeynalova – Trend:
Bahar Energy plans to initiate a waterflood of the Fasila reservoir in Bahar (the “Fasila Reservoir”) in 2020 starting with the implementation of five waterflood pilots, Greenfields Petroleum Corporation, parent company of Bahar Energy, said in its report.
Bahar Energy’s proposed development plans, subject to financing, would include the implementation of up to five waterflood pilots from 2020 onwards and assuming a positive, economic reservoir response to the pilot flood, a full-scale water injection project would be implemented by Bahar Energy, according to the company.
“Initially the drilling of two down dip injection wells located in the water leg of the Fasila Reservoir would be carried out. The drilling of a total of nine injection wells is envisaged over a five-year period from three existing platforms and one new platform to be constructed on the western flank of the reservoir,” said the report.
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.
Follow the author on Twitter: @Lyaman_Zeyn