BAKU, Azerbaijan, Oct.25
By Leman Zeynalova - Trend:
The volume of oil production at Azerbaijan’s Kursangi, Garabagli fields stood at 100,515 tons since early 2021 up until Oct.25, a source on the country's oil and gas market told Trend.
“The daily production at the fields was around 372 tons from January through September 2021. The figure has grown to 375 tons per day since October 1 as repair of some wells was completed during this period. Currently, 242 out of 255 wells at the fields are engaged in oil production”, added the source.
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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