Baku, Azerbaijan, Sept.5
By Leman Zeynalova – Trend:
Canada’s Zenith Energy company is formalizing a tender process in Azerbaijan for the leasing of a 180-ton truck-mounted workover and drilling rig for a period of four months, Trend learned from the company.
Zenith, operator of Muradkhanli, Jafarli and Zardab oil fields onshore Azerbaijan, has received preliminary indications that a rig of this specification will be available to start work on October 20, 2018. The сompany will provide an update once the tender process is concluded.
It is expected that the BD-260 and the 180-ton truck-mounted workover and drilling rig, to be leased from a local drilling company following the completion of a formal tender process, will be in operation concurrently across the сompany's field operations in Azerbaijan.
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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