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  1. Market Data
May 2, 2022

Zigh and Hovsan Conventional Oil Field, Azerbaijan

By Carmen

Zigh and Hovsan is a producing conventional oil field located onshore Azerbaijan and is operated by Absheron Operating. The field is located in block Zigh Hovsan.

Field participation details

The field is owned by State Oil Company of the Azerbaijan Republic, NK RussNeft and othres.


Production from Zigh and Hovsan

The Zigh and Hovsan conventional oil field recovered 46.71% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 3.05 thousand bpd of crude oil and condensate and 9 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2065.


Remaining recoverable reserves

The field is expected to recover 19.07 Mmboe, comprised of 12.59 Mmbbl of crude oil & condensate and 38.85 bcf of natural gas reserves.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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