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Gum Deniz field’s oil output exceeds budgeted volume

Oil&Gas Materials 13 August 2021 15:46 (UTC +04:00)
Gum Deniz field’s oil output exceeds budgeted volume

BAKU, Azerbaijan, Aug.13

By Leman Zeynalova – Trend:

Oil production at Azerbaijan’s Gum Deniz field stood at 60 tons per day in May 2021, as compared to the budgeted volume of 59 tons per day, Trend reports with reference to the US Greenfields Petroleum Company, which operates the project through its subsidiary BEOC.

The field saw a month-on-month decrease in production, since April brought 69 tons per day. Gum Deniz produced 80 tons per day in January 2021, 70 tons per day in February and 59 tons per day in March.

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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