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  1. Market Data
May 13, 2022

Muradkhanli Project Conventional Oil Field, Azerbaijan

By Carmen

Muradkhanli Project is a producing conventional oil field located onshore Azerbaijan and is operated by State Oil Company of the Azerbaijan Republic. The field is located in block Muradkhanli-Jafarli-Zardab.

Field participation details

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


Production from Muradkhanli Project

The Muradkhanli Project conventional oil field recovered 12.50% of its total recoverable reserves, with peak production expected in 2025. The peak production will approximately 1.99 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2080.


Remaining recoverable reserves

The field is expected to recover 14.31 Mmboe, comprised of 14.31 Mmbbl of crude oil & condensate.


About State Oil Company of the Azerbaijan Republic

State Oil Company of the Azerbaijan Republic (SOCAR) is a state-owned oil and gas company. It carries out exploration and production; gas processing and oil refining activities; construction and rehabilitation of gas pipelines and filling stations; transportation, distribution and sale of oil, natural gas, and gas condensate; and marketing of petroleum and petrochemical products. The company operates a gas processing plant producing natural gasoline, processed and liquefied gas; and Heydar Aliyev Baku oil refinery plant processing Azerbaijan crude and petroleum products. SOCAR’s project portfolio includes Absheron, Azeri Chirag Deep Water Gunashli, Bahar Gum Deniz, Binegedi, Kurovdagh fields and others. It has operations in Georgia, Turkey, Romania, Switzerland, Germany, Singapore, Nigeria and Ukraine. SOCAR is headquartered in Baku, Azerbaijan.

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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