Absheroneft Project is a producing conventional oil field located in shallow water in Azerbaijan and is operated by Azneft Production Association. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
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 92.78% 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 4.00 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 1.98 Mmboe, comprised of 0.95 Mmbbl of crude oil & condensate and 6.19 bcf of natural gas reserves.
For more details on the Absheroneft Project Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
