Baku, Azerbaijan, Nov.14
By Leman Zeynalova – Trend:
Azerbaijani operating company Salyan Oil, which is developing the Kursangi and Garabagli onshore oil fields in the country, produced 130,000 tons of oil in the first ten months of the year, a source in the country’s oil and gas market told Trend.
“Currently, oil is produced from 231st well. A total of 130,000 tons of oil has been produced from the mentioned fields from early 2018 till late October,” said the source.
The source went on to add that it is possible to produce around 13,000 tons of oil from Kursangi and Garabagli fields per month.
“Thus, it is expected that the output volume at those fields will stand at 156,000 tons as of 2018,” added the source.
Salyan Oil produced 162,000 tons of oil from Kursangi and Garabagli fields in 2017.
The fields are located in Azerbaijan’s Salyan district, around 150 kilometers from Baku. Some experts believe that the remaining reserves on the contract area exceed 150 million tons.
The contract for development of Kursangi and Garabagli fields was signed in 1998 for a period of 25 years. The shareholders of Salyan Oil are Azerbaijan’s state oil company SOCAR and China National Oil & Gas Exploration and Development.
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