Baku, Azerbaijan, May 22
By Maksim Tsurkov - Trend:
It is planned to begin introducing new technologies when developing Kursangi and Garabagli onshore oil fields of Azerbaijan in October 2018, a source in the oil and gas market told Trend on May 22.
The source noted that supply of necessary equipment has not yet started. The equipment will be delivered in October.
"Presently, wells, where new technologies will be applied, are being selected. In addition, work is underway to obtain the necessary permits from the state and the necessary documentation is being prepared. This work will last until October," the source said.
Both local and foreign experts work on this project, according to the source.
"This is Chinese technology, and Chinese specialists have already come here several times and held talks with SOCAR," the source said.
The use of new technologies may help raise production levels this year. The technology consists of pumping hot air into the seams, which leads to an increase in the oil extension coefficient.
Since early 2018, Salyan Oil extracted about 62,000 tons of oil from the Kursangi and Garabagli fields. The production at the contract area is currently at the level of 440 tons a day.
Salyan Oil produced about 162,000 tons of oil from Kursangi and Garabagli fields in 2017. Around 445 tons of oil per day is produced from Kursangi and Garabagli fields.
The fields are located in Azerbaijan’s Salyan district, around 150 kilometers from Baku. Some experts believe that the remaining oil reserves in the contract area exceed 150 million tons.
The contract for the development of Kursangi-Garabagli was signed in 1998 for a period of 25 years. Participants of Salyan Oil are the Azerbaijani state oil company SOCAR and China National Oil & Gas Exploration and Development.
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