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  1. Market Data
May 5, 2022

Absheroneft Project Conventional Oil Field, Azerbaijan

By Carmen

Absheroneft Project is a producing conventional oil field located in shallow water in Azerbaijan and is operated by Azneft Production Association.

Field participation details

The field is owned by State Oil Company of the Azerbaijan Republic.


Production from Absheroneft Project

The Absheroneft Project conventional oil field recovered 90.31% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 7.77 thousand bpd of crude oil and condensate and 4 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2028.


Remaining recoverable reserves

The field is expected to recover 2.65 Mmboe, comprised of 1.4 Mmbbl of crude oil & condensate and 7.52 bcf of natural gas reserves.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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