Azerbaijan's onshore oilfields expected to produce 7.4 M barrels this year

Baku. 4 January. REPORT.AZ/ Azerbaijan is forecasted to produce 7.399 million barrels of oil from onshore fields this year, down 3.86% from forecast for 2018, Report informs citing the "Opinion on SOFAZ budget for 2019" prepared by the Chamber of Accounts.

Most of oil production - 1.590 million barrels - is expected from Balakhani field. This figure was 1.7 million barrels in 2017 and 1.78 million barrels in forecast for 2018.

Zigh-Hovsan-Absheron field is expected to produce 0.546 million barrels, Karasu field  0.714 million barrels, Surakhani field 1.190 million barrels.

Production in Binagadi, Shirvan and Kursangi-Garabagli fields is forecasted to fall with the Binagadi field expected to produce 0.946 million barrels, down 2.87% in comparison to the forecast for 2018. Shirvan field is expected to produce 1.017 million barrels, down 0.59% by contrast to a year earlier, Kursangi-Garabagli block of fields is forecasted to reduce the production by 7% to 1.039 million barrels.

Neftchala field is expected to increase the production by 1.7% to 0.235 million barrels, Muradkhanli-Jafarli-Zardab block of oil fields by 1.64% to 0.122 million barrels.