Gobustan Project is a producing conventional gas field located onshore Azerbaijan and is operated by BP. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block South West Gobustan (Coastal, Central, Northern). Buy the profile here.
Field participation details
The field is owned by BP, Others, State Oil Company of the Azerbaijan Republic and Vitol Holding II.
Production from Gobustan Project
The Gobustan Project conventional gas field recovered 82.85% 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 2.00 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 0.25 Mmboe, comprised of 0.18 Mmbbl of crude oil & condensate and 0.37 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, Greater London, the UK.
For more details on the Gobustan Project Conventional Gas Field, buy the profile here.