Republican Seysmic Survey Center of Azerbaijan National Academy of Sciences, Baku, Azerbaijan

Etirmishli G. D., Chief Executive Officer, Doctor of Geologo-Mineralogical Sciences

SOCAR, Baku, Azerbaijan

Arastun I. Kh., Head of Department, PhD

Baku State University, Baku, Azerbaijan

Samedzade A. V., Researcher, Candidate for a Doctor’s Degree, agazade_afaq@mail.ru

Sergo Ordzhonikidze Russian State University for Geological Prospecting, Moscow, Russia

Serikova U. S., Associate Professor, Doctor of Engineering Sciences

The Bulla-Deniz oil and gas field is located in the South Caspian Basin and constitutes a significant part of the energy resources of in Azerbaijan. This article provides detailed information about the oil and gas potential of the Bulla-Deniz field, its geological-geophysical characteristics, and the development possibilities of the field. The Bulla-Deniz area has a complex structure of various layers of different geological periods. These structures are responsible for the abundance of hydrocarbon resources at different depths in the field. The characteristics of the Bulla-Deniz Sea field allow compression and concentration of oil and gas under high pressure, increasing the future production potential of the field. The oil and gas prospects of the field are directly related to the application of modern drilling technologies. Currently, horizontal and vertical drilling, hydrofracking and other advanced technologies are applied to increase the efficiency of production in the field. The research area is of strategic importance in terms of the potential and production of hydrocarbon reserves comprising significant part of the geological structures in the test field. Therefore, in order to assess hydrocarbon production and investigate hydrocarbon potential, the data on oil, gas and water reserves obtained as a result of exploitation of 4 different wells drilled in the area and the fund data of the State Oil Company of Azerbaijan were comprehensively analyzed and compared. The main objective of the research was to collate the analytical results with the oil and gas potential and to evaluate the promising nature of the area. The information on the physical and chemical properties of oil, amount of gas content of wells, as well as on water production and composition assists a more accurate assessment of the promising nature of the area, which, in turn, creates a framework, for the future production appraisal.

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