BAKU, Azerbaijan, Sept.7
By Leman Zeynalova - Trend:
The volume of oil production at Azerbaijan’s Kursangi, Garabagli fields stood at 91,140 tons since early 2021 up until Aug.31, a source on the country's oil and gas market told Trend.
“The daily production at the fields is around 372 tons. Currently, 242 out of 255 wells at the fields are engaged in oil production”, added the source.
The source went on to add that stable production at the fields is ensured with overhaul and geological works. “We plan to apply Chinese technology to boost output from the fields in June 2022.”
The Chinese 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.
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