GL has successfully drilled six new wells in the "Buzovna-Mashtaga", "Gala," and "Zira" oil fields within the minimum mandatory work program, with no incidents or environmental damage, and in record time. Additionally, in 2023, GL increased daily production by over 10% compared to the beginning of the year, preventing a production decline of more than 15% in relevant fields operated by “Taghiyev Operating Company”. Furthermore, GL's affiliate company "Salyan Oil Limited" saw growth in the "Kursangi" and "Garabagli" oil fields, ending a 19-year decline in production, achieved through efficient production programs without significant capital investment.
Looking ahead to 2024, GL plans to tender for the drilling of two new wells and two sidetracks over 4000 meters in the "Kursangi" and "Garabaghli" fields, marking a crucial step to eliminate a 13-year drilling hiatus.
"We are proud of our achievements in a short period of time. This reflects our team's commitment to excellence and delivering high-quality results," said GL CEO Asif Zeynalov.
