BAKU, Azerbaijan, Feb.21. The volume of oil production from Gum Deniz field in Azerbaijan stood at 66 tons per day on average in the fourth quarter of 2022, compared to the budgeted 101 tons per day, Trend reports with reference to the US Greenfields Petroleum Company, which operates the project through its subsidiary BEOC.
The field produced 77 tons per day in Q4 2021. As such, the field saw a 14.3 percent decrease in output year-on-year.
Oil shipped to sales point averaged at 66 tons per day in the last quarter of 2022, versus 75 tons per day in the same period in 2021.
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 structurally up-dip from the Bahar Gas Field. The fields are separated by a structural saddle.
There are currently 24 wells producing of the 155 retained oil wells by BEOC. Most of the producing wells are currently on gas-lift using compressed gas from the onshore gas compression facilities. The other wells are produced using electrical subsurface pumps.
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