BAKU, Azerbaijan, Dec.1
By Leman Zeynalova – Trend:
The volume of oil production at Azerbaijan’s Kursangi, Garabagli fields stood at 128,700 tons from January through November 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, which has been adjusted under the OPEC+ deal to curb the output.
The source said that before the adjustment, the fields produced 420-425 tons per day.
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.
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