Baku, Azerbaijan, Aug.14
By Leman Zeynalova – Trend:
The construction of the mast and substructure of the A-100 truck-mounted workover rig to be manufactured in Azerbaijan, has been completed, Trend learned from Canada’s Zenith Energy company, which is the operator of Muradkhanli, Jafarli and Zardab onshore oilfields in the country.
On January 25, 2018, the company announced the signing of a purchase agreement for an A-100 truck-mounted workover rig.
“The company can confirm that construction of the A-100's mast and substructure has been completed. Following close discussions with the local manufacturer of the A-100, Zenith has decided to increase the A-100's engine capacity in order to enhance its workover capabilities in deeper wells,” said Zenith Energy.
As previously announced, a number of other modifications had previously been requested and implemented.
“This further upgrade, amongst other benefits, will increase the maximum hook load capacity of the rig to 120 tons. The A-100 manufacturer has informed Zenith that it is currently awaiting delivery of the carrier to finalize construction of the rig,” 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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