Plan of oil and gas production from Bahar field in 2023 made public

The Bahar field is expected to produce 0.27 million barrels of oil in 2023, Report informs referring to the opinion of the Accounting Chamber on the budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2023.

The field was projected to produce 0.27 million barrels of oil in 2022, as well.

In 2021, this indicator was 0.17 million barrels which means an increase of 0.1 million barrels, or 58.8%.

Moreover, gas extraction from the field is predicted at 310.63 million cubic meters in 2023, which is in line with the forecast for 2022.

In 2021, this indicator made 169 million cubic meters. The forecast for next year is 141.63 million cubic meters or 83.8% higher than in 2021.