Oil output at Azerbaijan’s Gum Deniz field down by 10%

Oil&Gas Materials 30 May 2019 12:47 (UTC +04:00)

Baku, Azerbaijan, May 30

By Leman Zeynalova – Trend:

Gross crude oil production at Azerbaijan’s Gum Deniz field in the first quarter of 2019 was 665 barrels per day, a decrease of 10 percent relative to the fourth quarter of 2018, Trend reports citing the US Greenfields Petroleum Corporation, which is the operator of the Bahar-Gum Deniz block through its subsidiary Bahar Energy Limited (BEL).

Reportedly, the production in the first quarter of 2019 was impacted by downtime related to ongoing workovers.

In the Gum Deniz Oil Field, four successful recompletions were conducted and seven well services performed for sand cleanouts and artificial lift optimization to partially offset the natural field decline, said the company.

In the first quarter of 2019 Bahar Energy Operating Company (BEOC), subsidiary of BEL, continued its excellent safety and environmental record with no ‘Lost Time Incidents’, no ‘Reportable Incidents’ and no spills, reads a report from Greenfields Petroleum.

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 Project is operated by BEOC, a wholly owned subsidiary of BEL, under the terms of a Joint Operating Agreement.

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.

The Gum Deniz Oil Field is located south of the Absheron peninsula, 21 km south of Baku, between Gum Island and the Bahar Gas Field. The Gum Deniz Oil Field extends from onshore Gum Island, which is 2.5 km from the mainland to the south in the Caspian Sea. The Gum Deniz Oil Field is found along the Fatmai–Gum Adasi anticlinal trend which includes the Bahar and Shakh Deniz structures. Oil in the Gum Deniz Oil Field is trapped in a north-south trending structure that is approximately 16 kilometres in length and 3 kilometres in width. The Gum Deniz Oil Field is structurally up-dip from the Bahar Gas Field.


Follow the author on Twitter: @Lyaman_Zeyn