"Buzovna-Mashtaga", “Gala” and “Zira” oilfields
The Milli Majlis (Parliament) of Azerbaijan ratified a bill “On the adoption and approval, permission to implement a risk-service contract between SOCAR and GL International LTD for the restoration and development of the Buzovna-Mashtaga block of oil fields” , “Gala” and “Zira”.
Kursangi and Karabagli oilfields
GL Investment, a subsidiary of GL, is a 50% interest owner in the Rehabilitation, Exploration, Development, and Production Sharing Agreement for the Kursangi and Karabagli oilfields (the “PSA”) and Salyan Oil Limited, the operating company for the oilfields. The Kursangi and Karabagli oilfields are one of the largest onshore oilfields in Azerbaijan. Located in the Kura Basin, 125km to the southwest of Baku, the fields have been in production since the early 1960s. The contract area for the K&K Fields covers about 450km2.
Look, we have an unexpected guest visit on #SalyanOil field!
This little bunny seems quite happy being here. That may have something to do with the fact that while #GL is contributing to national #economy we still care for the #environment. Developing fields without harming mother nature and complying with all the respective standards and regulations is our number one priority.
We are a privately owned energy company at the outset of our journey to excellence. We are an agile management team with deep international industry and leadership experience, and a can-do spirit. We believe in building long term relationships and trusted partnerships. We are actively in search for oil & gas assets across multiple geographies that we can acquire and invest in for production optimization and further development. Currently we employ more than 1600 people.
Our approach in finding prospective business opportunities can be summarized as “finding oil & gas in proven reserves”. We aim to be a financially viable and highly profitable entity; our plans include taking advantage of modern technology to grow reserves and increase production. We are open for new ideas, innovations and opportunities that may help us to explore and find effective solutions. We are prepared to educate and be educated through establishing and maintaining new business relations. We are guided by the principles of proficient and cost effective administration, thorough intellectual approach, timely analysis and allocation of risks, transparency and strong professional ethics and discipline.
GL unites high quality professionals with the common goal to grow into a global independent energy company owning and operating oil and gas assets in various parts of the world. Albeit a newly established, our company combines collective experience, expertise and managerial skills of company officers who have been very well known in the industry for the last 25 years.
The strategy is to build a material production company with diversified asset portfolio. This portfolio should deliver sustainable long term returns for shareholders.
Our mission is to be a global, independent, and mid-size energy company delivering production excellence and creating significant value. We do so through selective acquisition and investment in producing assets.
Our vision is to be recognized as the partner of choice for mature conventional brownfield assets.