Azerbaijan: Gum Deniz 3D seismic survey authorized

Greenfields Petroleum Corp., Houston, and other partners in Bahar Energy Ltd. have approved a 3D seismic survey for Gum Deniz oil field in Azerbaijan based on 2D seismic results and the start of the development drilling program.

It will be the first 3D seismic to be shot in the field. Acquisition is to start in mid-2013 after approvals have been obtained.

Meanwhile Bahar, in which Greenfields owns a 33.33% interest, drilled Gum Deniz Well 715 on Platform 2 to 3,491 m true vertical depth, and initial analysis of open hole wireline logs indicates the well encountered 159 m of potential pay in 11 zones. Pressure measurements were taken after which 7-in. liner was to be set for completion.

Gross 2013 production through February averaged 3,215 b/d of oil equivalent.

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