Baku, Azerbaijan, Oct.10
By Leman Zeynalova – Trend:
Canada’s Zenith Energy company has increased the flow rate at Azerbaijan’s Jafarli onshore oil field, said the message from the company.
Zenith Energy is the operator of Azerbaijan’s largest onshore block of oil fields Muradkhanli-Jafarli-Zardab.
The company said well C-21 in Azerbaijan's Jafarli field is now flowing at an increased rate of 35 barrels of oil per day following the identification of an additional 7.8 meters of unexploited pay zones.
"We are starting to build momentum and our systematic field rehabilitation activities are progressively delivering positive outcomes," the company’s chief operating officer Mike Palmer said.
"This is the gradual result of the new technologies we are employing in our operations, as well as the strengthening of our operational skill set and understanding of the field's geology."
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 oilfields. These fields cover an area of 642.2 square kilometers. Production under the agreement began in August of 2016.
Zenith holds a 80-percent participating interest in the three fields within the contract area, while SOCAR retains the remaining 20 percent. The duration of the agreement is 25 years, with a potential extension of 5 additional years.
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