Capital expenditure for 2015 announced as part of one of PSA-contracts in Azerbaijan
The amount of operating costs will amount to $37.8 million as part of the contract for the development of "Bahar" and "Gum Deniz" offshore fields in the Azerbaijani sector of the Caspian Sea in 2015, "Greenfields Petroleum Corporation", which is a co-owner of "Bahar Energy Operating Company" - the project operator, said.
According to the report, the capital expenditure as part of the project in 2015 will amount to $ 31 million.
The contract for exploration, rehabilitation, development and production on the block was signed by SOCAR (State Oil Company of Azerbaijan) and Bahar Energy in 2009.