BAKU, Azerbaijan, Aug.14
By Leman Zeynalova - Trend:
The volume of oil production at Azerbaijan’s Kursangi, Garabagli fields stood at 75,660 tons since early 2020, a source on the country's oil and gas market told Trend.
The source noted that the daily production at the fields is around 390 tons.
Currently, 255 wells at the fields are engaged in oil production, added the source.
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.
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 fields produced around 155,000 tons of oil in 2018, as compared to 162,000 tons in 2017.
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