...

Salyan Oil reveals timeframe for starting pilot project to boost output onshore Azerbaijan

Oil&Gas Materials 10 October 2019 14:40 (UTC +04:00)

Baku, Azerbaijan, Oct.10

By Leman Zeynalova – Trend:

It is planned to launch the pilot project of using Chinese technology at Azerbaijan’s Kursangi and Garabagli oil fields in December this year, a source in the country’s oil and gas market told Trend.

“At the first stage, the pilot project will be implemented at three wells of the mentioned fields. A decision on further expansion of this project’s scope will be made depending on the results,” said the source.

The source went on to add that at the moment, work is underway to eliminate technical problems at old fields to start using the Chinese technology.

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.

Earlier, it was reported that 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.

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.

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest