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November 23, 2021updated 28 Apr 2022 5:46am

Karabakh Conventional Oil Field, Azerbaijan

By Carmen

Karabakh is a conventional oil development located in shallow water in Azerbaijan and is operated by Equinor Azerbaijan Karabagh. Discovered in 2000, Karabakh lies in block Karabakh, with water depth of around 590 feet.

The project is currently in commissioning stage and is expected to start commercial production in 2024. The development cost is expected to be $200 m. The Karabakh conventional oil development will involve the drilling of approximately 11 wells and includes fixed platform.

Field participation details

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


Production from Karabakh

Production from the Karabakh conventional oil development project is expected to begin in 2024 and is forecast to peak in 2026, to approximately 23,080 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2081.


Remaining recoverable reserves

The field is expected to recover 143.21 Mmboe, comprised of 143.21 Mmbbl of crude oil & condensate.


Contractors involved in the Karabakh conventional oil field

Some of the key contractors involved in the Karabakh project as follows.

EPC Contractors: BOS Shelf

Other Contractors: State Oil Company of the Azerbaijan Republic

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.

Related Companies

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