Asset Report
Karabakh
Report summary
Equinor and SOCAR operate Azerbaijan's large offshore Karabakh oil and gas field via a 50:50 JV, Karabakh Joint Operating Company (KJOC). The Caspian Sea project is licensed under a Risk Service Agreement (RSA) that was awarded in 2018. Karabakh is yet to be developed. It lies around 15 kilometres northeast of the super-giant Azeri Chirag Guneshli (ACG) field, in which Equinor and SOCAR also participate.An initial multi-billion-dollar phase will target Karabakh's oil reserves, which ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
-
Karabakh
- Current RSA (2018 onwards)
- Historical participation (PSC, 1996-99)
- Ashrafi-Dan Ulduzu-Aypara block
-
Karabakh
-
Geology
-
Karabakh
- Structure
- Reservoirs
-
Karabakh
- Well data
-
Exploration
-
Karabakh
- Initial E&A (pre-1999)
- Equinor-SOCAR Joint Study Agreement (2014-17)
- Recent appraisal
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Ashrafi-Dan Ulduzu-Aypara block
- Initial studies
- Drilling plans
-
Karabakh
-
Reserves and resources
-
In place volumes
- Current estimate
- Previous estimate
-
Modelling
- Reserves
- Contingent resources
-
In place volumes
- Production
-
Development
-
Oil development
- Overview
- Key development metrics
- Key dates
- Potential gas-condensate development (contingent resources)
-
Oil development
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Infrastructure
-
Oil
- Offshore tie-in
- Export route
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Oil
-
Costs
- Capital costs
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Operating costs
- Field costs
- Abandonment fund payments
- Tie-in costs
- Transportation costs
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Fiscal and regulatory
- Cost recovery
- Profit sharing
- Profit tax
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Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 24 images and tables including:
- Key facts: Table 1
- Index map
- Karabakh map
- Well data: Table 1
- Production: Table 1
- Karabakh production profile
- Cash flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Participation: Table 1
- Costs: Table 1
- Costs: Table 2
- Fiscal and regulatory: Table 1
- Geology: Table 1
- Geology: Table 2
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Infrastructure: Table 1
- Costs: Table 3
What's included
This report contains:
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