In 2021, 0.64 million barrels of oil are projected to be extracted from the Mishovdag and Kalameddin fields, Report informs, citing the review of Chamber of Accounts on a budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2021.
According to the information, the field will produce 0.63 million barrels of oil in 2020, which is 1.6% less than the estimate for 2021.
In 2019, this figure was 0.7 million barrels, which is 8.6% more than this year's forecast.
The Mishovdag field is located 80 km south-west of Baku and included in development since 1956. The area has 754 wells.
The Kalameddin field is in the northwest of Hajigabul station, a central part of the Kalameddin range. The area was discovered in 1978 and put into operation in 1980. A total of 151 wells have been drilled in the Kalameddin field.