Baku, Azerbaijan, Aug.14
By Leman Zeynalova – Trend:
Electrical Submersible Pump Upgrade Program (the ESP Upgrade Program) of Canada’s Zenith Energy company has to date resulted in the installation of new electrical submersible pumps in 11 wells located across the Muradkhanli and Jafarli oilfields in Azerbaijan, Trend learned from the company.
Zenith Energy said that the benefits of the ESP Upgrade Program include the following: New technology has enabled some of the 11 new electrical submersible pumps to be installed at a depth of approximately 2,500 meters. All of the previous electrical submersible pumps installed in Zenith's field had a maximum setting depth of approximately 1,500 meters.
Moreover, it ensured significant reduction of the production decline rate, approximately 12 percent per annum, and minor production increase across these 11 wells.
At the same time, stabilization of production achieved through the increased reliability offered by new ESP technology.
Azerbaijan’s state oil company SOCAR and Zenith Aran Oil Company signed a Rehabilitation, Exploration, Development and Production Sharing Agreement (REDPSA) in March 2016 for a block that includes the Muradkhanli, Jafarli and Zardab oil fields. Zenith Energy Ltd established its subsidiary company Zenith Aran Oil Company Ltd for production operations in these three fields. Production under the agreement began in August 2016.
Zenith holds an 80-percent participating interest in the three fields within the contract area, while SOCAR retains the remaining 20 percent. The agreement is for 25 years, with a potential extension by five additional years.
The total area of the Muradkhanli, Jafarli and Zardab fields is 642.2 square kilometers, and according to the contract, it is divided into rehabilitation and exploration territories.
The Muradkhanli-Jafarli-Zardab block is located in the Yevlakh-Agjabadi oil and gas region of Imishli district of Azerbaijan. The Muradkhanli field was discovered in 1971, Jafarli - in 1984, and Zardab - in 1981.
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