BAKU, Azerbaijan, June 21. Bahar-Gum Deniz block in Azerbaijan produced 194.45 million cubic meters of natural gas in 2022 versus the forecasted 310.63 million cubic meters, Trend reports.
The gas production plan for the block was fulfilled by 62.6 percent, the data released by the Chamber of Accounts shows.
The revenues of Azerbaijan’s state oil fund SOFAZ from gas production at this block of fields amounted to $1.20 million.
The block fell short of the production plan die to the technical and well maintenance works, according to the operating company.
Greenfields Petroleum Corporation, through its wholly owned subsidiary Bahar Energy Limited (BEL), owns an 80 percent interest in the Exploration, Rehabilitation, Development and Production Sharing Agreement with SOCAR and its affiliate SOCAR Oil Affiliate in respect of the offshore block known as Bahar-Gum Deniz (the Bahar Project), which consist of a Contract Rehabilitation Area including the Bahar Gas Field and the Gum Deniz Oil Field and an Exploration Area.
The Bahar Project is located south of the Absheron Peninsula and a few kilometers to the east of Baku. It comprises producing oil and gas fields lying offshore Azerbaijan in the shallow waters (up to 10 meters deep) of the Caspian Sea.
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