Bahar Gas Field definition

Bahar Gas Field means the gas field located in the offshore Caspian Sea area of Azerbaijan that is the subject of the ERDPSA and contains approximately 204 offshore wells;
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Bahar Gas Field means the gas field located in the offshore Caspian Sea area of Azerbaijan that is the subject of the ERDPSA consisting of 45 offshore platforms;
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Bahar Gas Field means the gas field located in the offshore Caspian Sea area of Azerbaijan that is the subject of the ERDPSA and which consists of an area of approximately 24,600 acres and contains approximately 204 offshore gas wells;
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Examples of Bahar Gas Field in a sentence

  • The funds available under the New Tranche are intended to be used by the Company to finance the Company’s ongoing development operations in Azerbaijan as it relates to the Gum Deniz Oil Field and Bahar Gas Field.

  • After two non-commercial exploratory wells were drilled in 1955 and 1961, respectively, a third well drilled in 1968 became the initial discovery well for the Bahar Gas Field after significant gas potential was established in the Balakhany formation.The stratigraphic interval, which includes several productive formations of Pliocene age, embraces the productive series section from the top of the Balakhany formation through the PK suite of rocks.

  • Per the Amending Agreement dated May 27, 2015, the Company secured additional funding of $2.0 million which was used in the Company’s ongoing development operations in Azerbaijan as it relates to the Gum Deniz Oil Field and Bahar Gas Field.

  • The main fluid and gas handling facilities including storage, separation, compression and metering stations are all located onshore and are not exposed to the potentially more hostile offshore operating environment.Natural gas production from the Bahar Gas Field, is brought onshore via three parallel flow lines and passed through multi-stage two-phase gas/liquids separation facilities.

  • The Compensation Committee also looks at critical individual performance objectives for the Chief Executive Officer and the other executive officers including protecting the Company’s interest in the Bahar Gas Field and the Gum Deniz Oil Field by successfully managing partners and government relations, securing funding in challenging financial markets and attaining and growing positive cash flow through cost containment and production increases.

  • As at the date hereof, 204 wells have been drilled in the Bahar Gas Field.

  • In addition, 16 existing producing wells will undergo a downhole optimization program, and selected facilities and platforms will be upgraded.In Phase 2, recompletion activities on approximately 53 wells are planned in zones that have not previously been perforated and produced, as many of the wells in the Bahar Gas Field have more than seven separate pay zones, and a large number of proved developed non-producing (behind pipe) reserves remain unproduced throughout the field.

  • The Company is the sole owner of BEL, a venture with an 80% participating interest in the ERDPSA with SOCAR and its affiliate SOA, in respect of the Bahar Project, which includes the Bahar Gas Field and the Gum Deniz Oil Field.

  • Description of the ERDPSA General The ERDPSA governs the Corporation’s oil and gas exploration, development and production activities in the Bahar Gas Field and the Gum Deniz Oil Field.

  • The production sharing agreement model used to calculate reserves is not applied to the Bahar Gas Field and Gum Deniz Oil Field separately, but rather uses combined total gross production from both fields to calculate net production.

Related to Bahar Gas Field

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