In 2021, GL Group, through its subsidiary GL International LTD LLC, signed a Risk Service Agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the rehabilitation and development of the block containing the Buzovna-Mashtaga, Gala, and Zira oil fields. In the same year, the operating company Taghiyev Operating Company LLC was established. These fields, located within the boundaries of Baku and its surrounding settlements, cover an area of 2,045.04 hectares under the agreement.
Buzovna-Mashtaga Field
The Buzovna-Mashtaga field is located in the northeastern part of the Absheron Peninsula, approximately 30 km from Baku, between the villages of Mashtaga and Buzovna. Tectonically, the field belongs to the Kurdakhani-Mashtaga-Buzovna anticline. Industrial-scale development of the field began in 1941. To date, a total of 1,335 wells have been drilled, of which 135 wells are currently managed by Taghiyev Operating Company LLC.
Gala Field
The Gala field is situated 28 km northeast of Baku, between the settlements of Bina, Gala, and Mardakan, and belongs to the Eastern Absheron oil and gas region. In May 1932, the first oil gusher was recorded at well number 20, marking the start of production. A total of 1,518 wells have been drilled in this field, with 90 wells currently under the management of Taghiyev Operating Company LLC.
Zira Field
The Zira field is located in the southeastern part of the Absheron Peninsula, south of the village of Zira. Development of the field began in 1957, with peak production recorded in 1959 at 163,000 tons. A total of 73 wells have been drilled in the field, with 5 wells currently managed by Taghiyev Operating Company LLC.
