BAKU, Azerbaijan, June 2. Bahar and Gum Deniz
fields in Azerbaijan are given a new development stage, SOCAR Vice
President Babak Huseynov said at a panel discussion held on the
second day of the Baku Energy Week, Trend reports.
According to him, technological developments in the oil and gas
industry are changing rapidly, and these changes are ensuring the
transition to a new stage of production. Huseynov noted that
technologies such as extended-range wells, multilateral
completions, artificial intelligence, advanced seismic imaging, and
digital reservoir management are widely used in the industry.
The SOCAR official noted that the potential of these
technologies has not been fully utilized, especially in mature
fields, including the Azeri-Chirag-Gunashli (ACG) project.
According to him, SOCAR's call to operators was to widely apply
horizontal and multilateral wells and accelerate the scale
development of ACG.
"The operator accepted this call, and last year, both horizontal
and multilateral wells were applied in ACG for the first time. This
is a very important step because ACG has a slot limitation, and
these types of wells create new opportunities for existing fields
by expanding access to the reservoir," he said.
Speaking about the Bahar and Gum Deniz fields, the SOCAR vice
president noted that a new stage of development has begun in these
areas. According to him, although the Bahar field has been
characterized by declining production for many years, this field is
currently being given new life, and a completely new development
approach is being applied.
He said that new reservoir modeling was carried out in the
fields within the framework of cooperation with the SLB company,
and the results revealed the great potential of the reserves.
Huseynov added that the development of Baku as an energy and
engineering center is also of particular importance. According to
him, Baku can become a strategic hub for the region in terms of
energy engineering, offshore operations, and technical personnel
potential.
The SOCAR official also spoke about the organization's more
active integration into international projects. He noted that the
company is already participating in various gas and oil projects
abroad, which is important both in terms of technology transfer and
portfolio diversification.
"The upstream sector is now determined not only by new projects,
but also by the intelligent management of existing fields and the
application of modern technologies. Future value will come from
both new discoveries and the revaluation of existing fields," he
emphasized.
Huseynov concluded that Azerbaijan continues to strengthen its
position as a reliable strategic partner against the backdrop of
global energy security and supply diversification.
