Baku, Azerbaijan, Jan.7
By Leman Zeynalova – Trend:
Canada’s Zenith Energy Company, which is the operator of Azerbaijan’s Muradkhanli-Jafarli-Zardab oil fields, is finalizing its drilling program at the block, Trend reports citing the company.
As announced on August 13, 2018, the company has completed two comprehensive geological studies to optimize the selection of potential drilling locations and workover opportunities across the Muradkhanli, Jafarli and Zardab fields.
“The study focused on the Muradkhanli and Jafarli fields enabled the identification of a new, previously unexplored, Mesozoic carbonate prospect running across the two fields beginning from the south-western flank of the Muradkhanli field,” said Zenith Energy.
The company said that the Zardab field geological study enabled an identification of the main producing target reservoirs, seal and source rocks, a comprehensive analysis of all well test results, digitalization of all well logs, the creation of stratigraphic logs and structural logs, as well as several structural maps.
“The company is finalizing a drilling program that is planned to initially include the spudding of an appraisal well during the first six months of 2019, to be named ZEN-01, to target the aforementioned unexploited Mesozoic carbonate prospect in the Muradkhanli and Jafarli oilfields,” 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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