In November 2021, GL Group, through its subsidiary GL Investment LLC, acquired a 50% stake in the Rehabilitation, Exploration, Development, and Production Sharing Agreement for the Block including the Kursangi and Garabaghli Oil Fields in Azerbaijan, signed in 1998, and in Salyan Oil Limited, the operating company established on October 25, 1999, to manage the development of these oil fields.
The Kursangi and Garabaghli oil fields are among the largest onshore fields in Azerbaijan. Located in the Kura Basin, approximately 125 kilometers southwest of Baku, these fields have been in continuous production since the early 1960s. The contract area under the agreement spans 450 square kilometers.
Since GL Group assumed operational responsibility, Salyan Oil Limited has experienced measurable improvements, driven not by major capital expenditure but by the application of advanced technologies and a professional, performance-focused management approach. Most notably, in 2022, GL Group succeeded in halting a decline in baseline production that had persisted for nineteen years. In 2023, production volumes began to rise.
In 2025, GL Group made the strategic decision to end a fourteen-year pause in drilling activity at the Kursangi and Garabaghli fields by launching a new deep drilling campaign. This program includes three technically complex deep wells, one of which is the first onshore horizontal well in Azerbaijan’s history, designed to reach a depth of 4,400 meters.
