Exploration & Production
High-performance exploration is one of Baki Petroleum Group, LLC's priority tasks.
Corporate Principles
Baki Petroleum Group, LLC and its Subsidiaries hold 11 licenses for oil and gas prospecting, exploration and production from 5 subsoil areas. Oil and gas fields are located in these subsoil areas, including:
the Shah Daniz, Kursangi-Garabaghli Salya, Azeri Chirag Gunashli, Muradkhanli Ranco, Raman, Shelmo, Beykan, Kurkan, South Dinger, Hakkari and Jemberlitash.
In 2022, a set of fulfilled exploration works, application of new production drilling technologies and transfer of discovered hydrocarbon reserves into commercial categories AB1C1 allowed the Company to ensure 218% of the resource base recovery (+30.5 mln tons). 3 new oil deposits were discovered of Muradkhanli Ranco; these deposits were recorded in books of the State Reserves Commission.