Baku, Azerbaijan, Jan.4
By Leman Zeynalova – Trend:
Azerbaijani operating company Salyan Oil, which is developing the Kursangi and Garabagli onshore oil fields in the country, produced 155,000 tons of oil as of 2018, a source in the country’s oil and gas market told Trend.
“Oil was produced from 52 wells. A total of 155,000 tons of oil has been produced from the mentioned fields in 2018,” said the source.
Further, talking about the plans for 2019, the source noted that the purpose is to increase the production volume at those fields by using new Chinese technology at selected wells.
“This technology is about injecting hot air into the reservoirs, which will allow to raise the oil recovery ratio and resume production at exhausted and old wells. If this pilot project brings positive results, this technology will be used not only at Kursangi and Garabagli fields, but also in other projects of Azerbaijan’s state oil company SOCAR,” said the source.
Moreover, the source pointed out that the volume of investments in the development of these fields will be increased in 2019.
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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