BAKU, Azerbaijan, Jan.27
By Leman Zeynalova – Trend:
The volume of daily oil production at Azerbaijan’s Kursangi and Garabagli fields stood at an average of 400 tons in 2019, a source in the country’s oil and gas market told Trend.
The source noted that currently, the output volume at the fields is equal to 395 tons per day.
As for the work on boosting the production by using Chinese technology, the source said that there are some delays in launching this pilot project.
“We need to receive permissions from the government to start the implementation of this project. All preparatory works are complete. It is expected that the project will be launched in early February,” the source explained.
This technology is about injecting hot air into the reservoirs, which will allow to raise the oil recovery ratio by 15-20 percent and resume production at exhausted and old wells.
If the pilot project brings positive results, this technology will also be used in other projects of Azerbaijan’s state oil company SOCAR.
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.
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 fields produced around 155,000 tons of oil in 2018, as compared to 162,000 tons in 2017.
---
Follow the author on Twitter: @Lyaman_Zeyn
