Zigh and Hovsan is a producing conventional oil field located onshore Azerbaijan and is operated by Absheron Operating. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Zigh Hovsan. Buy the profile here.
Field participation details
The field is owned by NK RussNeft, Others and State Oil Company of the Azerbaijan Republic.
Production from Zigh and Hovsan
The Zigh and Hovsan conventional oil field recovered 53.62% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 2.63 thousand bpd of crude oil and condensate and 8.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2070.
Remaining recoverable reserves
The field is expected to recover 18.82 Mmboe, comprised of 12.28 Mmbbl of crude oil & condensate and 39.28 bcf of natural gas reserves.
For more details on the Zigh and Hovsan 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.
