Baku, Azerbaijan, April 1
By Leman Zeynalova – Trend:
Azerbaijani operating company Salyan Oil, which is developing the Kursangi and Garabagli onshore oil fields in the country, produced 410 tons of oil per day in January-March, a source in the country’s oil and gas market told Trend.
“A total of 36,900 tons of oil has been produced from the mentioned fields from January 2019 to March, 2019,” said the source.
Talking about the preparations for implementation of the pilot project by using Chinese technology at three wells in the area starting from May, the source noted that currently, construction-and-assembling operations are underway for the implementation of this project.
This technology is about injecting hot air into the reservoirs, which will allow to raise the oil recovery ratio and resume production at exhausted and old wells.
“The works are expected to be completed in two or three weeks, so that to wrap up the preparations by May,” said the source.
Earlier, it was reported that if this pilot project brings positive results, this technology will be used not only at Kursangi and Garabagli fields, but also in other projects of Azerbaijan’s state oil company SOCAR.
Salyan Oil produced 155,000 tons of oil from Kursangi and Garabagli fields in 2018, as compared to 162,000 tons in 2017.
The fields are located in Azerbaijan’s Salyan district, around 150 kilometers from Baku. Some experts believe that the remaining reserves on the contract area exceed 150 million tons.
The contract for development of Kursangi and Garabagli fields was signed in 1998 for a period of 25 years. The shareholders of Salyan Oil are Azerbaijan’s state oil company SOCAR and China National Oil & Gas Exploration and Development.
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