BAKU, Azerbaijan, February 21. In January 2025, oil production at Azerbaijan’s Bahar-Gum Deniz block totaled 1,918.792 tons, averaging 61.864 tons per day, a reliable source in Azerbaijan’s oil and gas market told Trend.
“Meanwhile, oil deliveries from the block stood at 2,223.767 tons, with a daily average of 71.734 tons,” said the source.
The source noted that crude oil production from Bahar-Gum Deniz field in 2024 stood at 26,755 tons, while budgeted output for 2025 amounts to 27,237 tons.
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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