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Oil output from Neftchala and Khilli fields exceeds forecasts

Oil&Gas Materials 13 June 2022 17:26 (UTC +04:00)
Oil output from Neftchala and Khilli fields exceeds forecasts
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, June 13. The volume of oil production at Neftchala and Khilli fields in Azerbaijan stood at 0.25 million barrels in 2021 versus the forecasted 0.22 million barrels, Trend reports with reference to the Chamber of Accounts.

The production plan at the field was implemented by 113.64 percent.

Agreement on Rehabilitation, Development and Production Sharing of the Neftchala, Durovdagh-Babazanan Oil Fields in the Republic of Azerbaijan, as well as the block, which includes the south-western slope of the Mugan Monocline, was signed among the State Oil Company of Azerbaijan (SOCAR), the Azerbaijani company Global Energy, and the Joint Oil Company of SOCAR.

The operator is Neftechala Operating Company. The agreement entered into force on October 5, 2009. The contract area is 2,707 square kilometers.

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