BAKU, Azerbaijan, June 25. Oil production from Azerbaijan’s Bahar-Gum Deniz block has demonstrated a generally upward trend over the first five months of 2025, a source in the oil and gas market told Trend.
In January, daily production stood at 62 tons, increasing by 3.23% to 64 tons in February. March saw a sharper rise to 69 tons per day, up 7.81% from February. The average daily production for the first quarter amounted to 65 tons.
In April, production slightly decreased to 67 tons per day, down 2.9% compared to March. However, in May, it returned to 69 tons per day, showing a 2.99% increase compared to April and an 11.29% growth compared to January.
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.
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.
