Gum Deniz oilfield
Gum Deniz is an offshore oil and gas field in the Caspian Sea, located 21 km (13 mi) southeast of Baku, Azerbaijan. The field has been in operation since 1955. Gum Deniz has produced approximately 28.9 million tonnes of oil and 27 billion cubic meters of gas to date.[1] [2] In March 2009, Azerbaijan drilled its last well No. 478 in Gum Deniz field before new production sharing agreement for development of the field was signed with a foreign company in December 2009. The well produces 50 tonnes of oil on daily basis.[3]
New PSA agreement
[edit ]On December 22, 2009, State Oil Company of Azerbaijan Republic and an Emirati company Bahar Energy Ltd signed a production sharing agreement for exploration, rehabilitation and development of Bahar and Gumdeniz fields.[4] The contract, preceded by MOU earlier in April[5] was signed by the President of SOCAR, Rovnag Abdullayev and General Director of Bahar Energy Ltd, Richard McDougall will last 25 years with possibility for extension of 5 more years.[6] SOCAR announced this was 28th agreement it signed with a foreign investor on production sharing terms. Rovnag Abdullayev emphasized that SOCAR is planning to increase the overall gas production of Azerbaijan to 1 trillion cm. According to the agreement, within the next 3 years, Bahar Energy Ltd will drill one exploration well. The first stage of the project includes drilling of 50 wells. In addition to that, all existing wells will be rehabilitated for production. It is estimated that the first stage of the project will bring a profit of 2ドル.5 billion to SOCAR. Second stage of the project consists of exploration of Bahar-2 structure within the Bahar field.[7] As per the agreement SOCAR is to receive bonus of 2ドル million as soon as the project program is confirmed, 1ドル million for every 100 million barrels (16,000,000 m3), 5ドル million once the commercial production starts and 2ドル million after increase of production capacity by 1.5 times from 2008 production indicators, as planned.[2] Bahar Energy Ltd owns 80% of the stake while SOCAR is entitled to 20%.[8] It is expected that Bahar Energy Ltd will invest nearly 1ドル billion in the project.[7] [9]
Reservoir
[edit ]It is estimated that Gum Deniz field holds 4.52 million tonnes of oil and 1.94 billion cubic meters of gas reserves.[10]
See also
[edit ]
- Bahar oilfield
- Azeri-Chirag-Guneshli
- Baku–Tbilisi–Ceyhan pipeline
- Sangachal Terminal
- Baku-Supsa pipeline
- Nabucco pipeline
- Baku-Novo Filya gas pipeline
References
[edit ]- ^ E. Ismayilov (2009年12月22日). "Azerbaijan signs new oil and gas contract". Trend News Agency . Retrieved 2010年01月05日.
- ^ a b Rashad Suleymanov (2009年12月22日). Азербайджан заключил новое нефтегазовое соглашение [Azerbaijan signed a new oil and gas agreement] (in Russian). APA. Archived from the original on 2009年12月26日. Retrieved 2010年01月05日.
- ^ ПО «Азнефть» ввела в эксплуатацию новую нефтяную скважину на месторождении Гум-дениз ["Azneft" commenced operations of a new well in Gum Deniz field] (in Russian). Day.az. 2009年03月02日. Retrieved 2010年01月06日. [dead link ]
- ^ "SOCAR gets help at oil and gas fields". United Press International. 2009年12月23日. Retrieved 2010年01月05日.
- ^ "ГНКАР и Bahar Energy limited подписали контракт на разработку блока Бахар и Гум-дениз с инвестициями в 1ドル млрд" [SOCAR and Bahar Energy Limited signed a contract for development of Bahar and Gum Deniz fields investing 1ドル bln] (in Russian). Interfax. 2009年12月22日. Retrieved 2010年01月05日.
- ^ "«Interfax» — последние новости Азербайджана, Грузии и Армении". www.interfax.az. Retrieved 2023年07月31日.
- ^ a b Инвестиции в блок месторождений «Бахар» и «Гум-Дениз» составят 1ドル млрд [Investment in "Bahar" and "Gumdeniz" bloacks will make up 1ドル bln] (in Russian). Rosinvest. 2009年12月22日. Archived from the original on 2011年07月15日. Retrieved 2010年01月05日.
- ^ Sokhbet Mamedov (2009年12月28日). Баку расширяет географию экспорта [Baku is expanding geography of export] (in Russian). Nezavisimaya Gazeta . Retrieved 2010年01月05日.
- ^ Lada Yevgrashin (2009年12月23日). "UAE Bahar,Azeri Socar sign deal on Caspian fields". Arabian Business. Retrieved 2010年01月06日.
- ^ Caspian Energy. Old Offshore Oilfields of Azerbaijan and their rehabilitation Archived 2011年07月08日 at the Wayback Machine
