Production forecast in Mishovdag and Kalamaddin fields for 2023 announced

In 2023, 0.64 million barrels of oil are projected to be extracted from the Mishovdag and Kalamaddin fields, Report informs, citing the review of the Chamber of Accounts on a budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2023.

According to the information, the field will produce 0.64 million barrels of oil in 2021, the same as the forecast for 2023. remains unchanged for 202.

In 2021, this figure was 0.67 million barrels, up 4.48% or 0.03 million barrels from the forecast for 2023.

The Mishovdag field is located 80 km southwest of Baku and has been included in development since 1956. The area has 754 wells.

The Kalamaddin field is 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.