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Report summary

Balakhany-Sabunchi-Ramany and Kurdahany are two very mature onshore oil fields in Azerbaijan. After a long period under the operatorship of SOCAR, a PSC was awarded in May 2011 to UGE-Lanser (Singapore) to rehabilitate the fields and boost production. UGE-Lanser aimed to increase production to 5,910 b/d by 2013, which is 150% of aggregate 2009 output. The operator missed this target but continues to invest at the fields, focusing on drilling and workovers. For the first four years of the PSC, all crude was sold to the domestic market, at a fixed price of around US$8/bbl. Since May 2015, UGE-Lanser is free to export its crude entitlement. Some volumes are still expected to be supplied to the Baku refineries.

What's included

This report contains

  • Document


    PDF 459.99 KB

  • Document


    XLS 323.00 KB

  • Document


    ZIP 741.75 KB

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
    • Balakhany-Sabunchi-Ramany (Balkhani-Sabunchy-Ramana)
    • Kurdahany (Kyurdahany)
  • Exploration
  • Reserves and resources
    • Historical production
    • PSC production
  • Development
  • Infrastructure
  • Costs
  • Sales contracts
    • Bonuses
    • Cost oil and gas
    • Profit oil and gas
    • Profit tax

Tables and charts

This report includes 12 images and tables including:


  • Index map
  • Balakhany-Sabunchi-Ramany-Kurdahany map
  • Balakhany-Sabunchi-Ramany production profile
  • Kurdahany production profile


  • Key facts: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Geology: Table 1
  • Geology: Table 2
  • Production: Table 1
  • Production: Table 2
  • Fiscal and regulatory: Table 1

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