BAKU, Azerbaijan, Dec.17
By Leman Zeynalova – Trend:
The average oil sales from Azerbaijan’s Gum Deniz field stood at 83 tons per day in Q3, Trend reports with reference to the US Greenfields Petroleum Company, which operates the project through its subsidiary BEOC.
As for the monthly statistics, the sales volumes were equal to 93 tons per day in January, 85 tons per day in February, 86 tons per day in March, 55 tons per day in May, 80 tons per day in June and July each, 85 tons per day in August and 85 tons per day in September.
The company didn’t sell oil in April 2020.
As for gas sales from Bahar field, the Q3 average was 549,968 cubic meters per day.
The monthly sales were as follows: 493,553 cubic meters per day in January, 510,541 cubic meters per day in February, 552,572 cubic meters per day in March, 546,134 cubic meters per day in April, 530,309 cubic meters per day in May, 525,926 cubic meters per day in June, 540,580 cubic meters per day in July, 517,637 cubic meters per day in August and 591,686 cubic meters per day in September.
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 Project is operated by BEOC, a wholly owned subsidiary of BEL, under the terms of a Joint Operating Agreement.
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.
The Gum Deniz Oil Field is located south of the Absheron peninsula, 21 km south of Baku, between Gum Island and the Bahar Gas Field. The Gum Deniz Oil Field extends from onshore Gum Island, which is 2.5 km from the mainland to the south in the Caspian Sea. The Gum Deniz Oil Field is found along the Fatmai–Gum Adasi anticlinal trend which includes the Bahar and Shakh Deniz structures. Oil in the Gum Deniz Oil Field is trapped in a north-south trending structure that is approximately 16 kilometres in length and 3 kilometres in width. The Gum Deniz Oil Field is structurally up-dip from the Bahar Gas Field.
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