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Oil production forecast from Kurovdag oil field revealed
Energy
- 30 January, 2025
- 07:57
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About 0.96 million barrels of oil are projected to be produced from Azerbaijan's onshore Kurovdag field this year, according to the Chamber of Accounts' statement on the 2025 budget of the State Oil Fund of Azerbaijan (SOFAZ), Report informs.
This is the same as the forecast for 2024 and is 0.03 million barrels or 0.03% less compared to the actual figure for 2023.
The Kurovdag field is located 120 km southwest of Baku city and is part of the Lower Kura oil and gas region. The field has been operated by a joint venture (Shirvanoil) since September 1, 1997, and by Shirvan Operating Company Limited since October 5, 2009.
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