Report summarySurakhany is a highly mature onshore oil field, located 14 kilometres northeast of Baku. In August 2005, Rafi Oil (UAE) signed a PSC with SOCAR to rehabilitate the field. Production has increased gradually since 2005 to more than 4,000 b/d, owing to a sustained drilling programme. Small amounts of gas are also produced at the field. Volumes that are not re-injected or used in-field are delivered to SOCAR free of charge.The partners originally planned to invest US$400 million over the ...
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