Baku, Azerbaijan, Oct.15
By Leman Zeynalova – Trend:
Canada’s Zenith Energy company is preparing to commence drilling operations, having finalized a program to deepen well C-37 in Azerbaijan’s Jafarli field, said a message from the company.
Zenith Energy is the operator of Muradkhanli, Jafarli and Zardab oil fields onshore Azerbaijan,
This has been based on a series of in-depth geological investigations, including analysis of 2D and 3D seismic lines, which have evidenced a highly prospective, unexploited structure, said the company.
As announced on August 13, 2018, the company has completed two comprehensive geological studies which have offered a clear overview of the potential drilling opportunities located within the company's Azerbaijan asset.
Specifically, the study performed in relation to the Muradkhanli and Jafarli fields identified a new, previously unexplored, Mesozoic carbonate prospect, said Zenith Energy.
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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