Baku, Azerbaijan, Jan.7
By Leman Zeynalova – Trend:
Zenith Energy company of Canada is preparing for transportation of BD-260 drilling rig to Azerbaijan, Trend reports citing Zenith, which is the operator of Muradkhanli-Jafarli-Zardab oil fields onshore Azerbaijan.
The company said it has received confirmation from B Robotics W S.r.l., ("Robotics") that the BD-260 drilling rig, purchased by its oilfield service company subsidiary, Zena Drilling Limited, ("Zena"), has been fully rigged up and that all components have been fully tested. Robotics is now rigging down the BD-260 drilling rig in preparation for transportation, said Zenith Energy.
“Zenith is currently defining an agreement with an international logistics company in order to transport the BD-260 drilling rig from Italy to Azerbaijan. The company will make an announcement once transportation of the BD-260 drilling rig begins,” said the company.
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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