PremiumGreenfields Petroleum discloses volume of sales from Azerbaijan’s oil and gas block

Baku, Azerbaijan, Oct.19

By Leman Zeynalova – Trend:

The volume of oil sales from Azerbaijan’s Bahar-Gum Deniz block of oil and gas fields totaled 560.6 barrels per day in the third quarter of 2018, the US Greenfields Petroleum Corporation told Trend.

This is while gas sales from the block stood at 17,741 mcf/d ( thousand cubic feet per day) in the third quarter of 2018, according to the company.

Greenfields Petroleum said that the following wells are being repaired or reactivated at the block:

Greenfields Petroleum Corporation is a junior oil and natural gas company focused on the development and production of proven oil and gas reserves principally in Azerbaijan. Through its wholly owned subsidiary Bahar Energy Limited (BEL), the corporation owns an 80 percent interest in the Exploration, Rehabilitation, Development and Production Sharing Agreement (the “ERDPSA”) with the State Oil Company of Azerbaijan ("SOCAR") and its affiliate SOCAR Oil Affiliate (“SOA”) in respect of the offshore block known as Bahar Gum Deniz (the “Bahar Project”) which includes the Bahar Gas Field and the Gum Deniz Oil Field.

The Bahar Gas Field consists of 45 offshore platforms including a central processing and metering platform to gather the gas for onward transport through a three 12-inch pipelines to the shore-based gas and liquid handling facilities. The platforms, in most cases are built on 24 to 30 pilings each in an average water depth of about 16 metres.

A total of 203 wells were drilled in Bahar Gas Field prior to 2010. More than 100 of these wells remain available for BEOC to utilize at its discretion in current or future operations. Currently 10 of these wells are producing natural gas.

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