Azerbaijan is able to keep current oil and gas production level up to 40 years

(ABC) Baku hosts the 1st international conference “The potential of deep-seated hydrocarbons: future energy resources – reality and projections” to last until 14 June.

Akif Alizadeh, director of the Institute of Geology of the National Academy of Sciences of Azerbaijan (AMEA), the exploited and researched fields enable Azerbaijan to keep current oil and gas production level for 30-40 years.

Further search for oil fields in the southern part of the Caspian Sea. Picture credit Kmusser.

” If Azeri Chirag Guneshli block and Shah Deniz field provided current production level for 10-20 years, the researched fields and prospective structures- for another 10-20 years. Reserves increment is needed to be ensured in future “,- A. Alizadeh said.

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