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December 1, 2021

Guneshli (Shallow water) Conventional Oil Field, Azerbaijan

By Carmen

Guneshli (Shallow water) 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 Guneshli (Shallow water)

The Guneshli (Shallow water) conventional oil field recovered 61.20% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 103.74 thousand bpd of crude oil and condensate and 600 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2061. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 397.35 Mmboe, comprised of 397.35 Mmbbl of crude oil & condensate. Guneshli (Shallow water) conventional oil field reserves accounts 0.08% of total remaining reserves of producing conventional oil fields globally.


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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