Gobustan Project is a producing conventional gas field located onshore Azerbaijan and is operated by BP. The field is located in block South West Gobustan (Coastal, Central, Northern).
Field participation details
The field is owned by Vitol Holding II, State Oil Company of the Azerbaijan Republic, Others and BP.
Production from Gobustan Project
The Gobustan Project conventional gas field recovered 73.49% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 0.03 thousand bpd of crude oil and condensate and 2 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.
Remaining recoverable reserves
The field is expected to recover 0.3 Mmboe, comprised of 0.21 Mmbbl of crude oil & condensate and 0.55 bcf of natural gas reserves.
BP Plc (BP) is an integrated oil and gas company. Its upstream operations include exploration, development and production of oil and natural gas, field development and production; and midstream operations include transportation, and marketing and trading of natural gas, including liquefied natural gas (LNG), and natural gas liquids (NGLs). The company’s downstream operations include marketing, transportation, refining, manufacturing, supply and trading of crude oil, petroleum, petrochemical products and provision of related services to wholesale and retail customers. BP provides fuel, energy, lubricants and petrochemicals to customers. The company has operational presence in Africa, Asia, Europe, Australasia, North America and South America. BP is headquartered in London, the UK.
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.