Greenfields Petroleum planning to drill new well at Bahar gas field

Baku, Azerbaijan, Aug. 27

By Leman Zeynalova - Trend:

The US Greenfields Petroleum Corporation continues to work with Azerbaijan’s SOCAR Drilling Trust (“SDT”) in connection with partnering opportunities to drill deep gas wells to the NKP reservoir in Azerbaijan’s the Bahar Gas Field, 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).

“The plan to refurbish Platform-196 and the drilling of the BH301 well, critical for future development drilling, is ongoing. Final design has been completed and the respective cost estimates are now being prepared. To demonstrate the remaining reservoir potential of the NKP, BEOC is preparing Platform BH136 for a recompletion of the BH134 well in the NKP reservoir,” said the company.

In addition, the Corporation said it is preparing wells in the Gum Deniz Oil Field to pilot water floods in the horizon VIII and X. Pilots should be operational in Q3/19.

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.

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Follow the author on Twitter: @Lyaman_Zeyn

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