BAKU, Azerbaijan, Nov.27
By Leman Zeynalova – Trend:
All wells at Muradkhanli-Jafarli-Zardab block of fields onshore Azerbaijan have been put under conservation for a period of two years under the OPEC+ agreement, Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR, told Trend.
He recalled that on March 16, 2016, SOCAR and Zenith Aran Oil Company Limited signed a Rehabilitation, Exploration, Development and Production Sharing Agreement (REDPSA) for Muradkhanli-Jafarli-Zardab block.
“Zenith Aran Oil Company Limited, which didn’t fulfill its obligations, terminated the agreement in June 2020 and the control of the fields was transferred to SOCAR. These fields now belong to SOCAR’s Azneft production union and are operated by the Muradkhanli Oil and Gas Extraction Complex of Ali Amirov Oil and Gas Production Department. The fields cover an area of 149.25 hectares. Since coming under the control of Azneft production union, Muradkhanli,Jafarli, Zardab fields have been put under conservation for a period of two years under the OPEC+ agreement. No development works have been conducted at these fields after the Aran oil company ceased to have control over the block. No geological or technical works were carried out, as the wells are not operated. It is planned to conduct geological or technical works at these fields starting from 2021,” noted Ahmadov.
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