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Output volume at Azerbaijan’s Kursangi, Garabagli oil fields disclosed

Oil&Gas Materials 10 October 2019 13:58

Baku, Azerbaijan, Oct.10

By Leman Zeynalova – Trend:

Azerbaijani operating company Salyan Oil, which is developing the Kursangi and Garabagli onshore oil fields in the country, produced 110,700 tons of oil in January-September, a source in the country’s oil and gas market told Trend.

“The daily production from the mentioned fields stood at 410 tons from January 2019 to late September, 2019,” said the source.

Salyan Oil produced 155,000 tons of oil from Kursangi and Garabagli fields in 2018, as compared to 162,000 tons 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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Follow the author on Twitter: @Lyaman_Zeyn

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