Siyazan Group is a producing conventional oil field located onshore 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 Siyazan Group

The Siyazan Group conventional oil field recovered 56.76% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 1.04 thousand bpd of crude oil and condensate and 1.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2058.

Remaining recoverable reserves

The field is expected to recover 3.71 Mmboe, comprised of 3.22 Mmbbl of crude oil & condensate and 2.94 bcf of natural gas reserves.

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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.