Karabakh is a conventional oil development located in shallow water in Azerbaijan and is operated by Equinor Azerbaijan Karabagh. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Karabakh was discovered in 2000, lies in block Karabakh, with water depth of around 590 feet. Buy the profile here.
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
For more details on the Karabakh 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.
