Baku, Azerbaijan, Nov.2
By Leman Zeynalova – Trend:
Canada’s Zenith Energy company has begun a comprehensive reservoir engineering study to achieve the optimization of production from active and shut-in production wells across the Muradkhanli, Jafarli and Zardab oilfields in Azerbaijan, Trend learned from the company.
Zenith Energy is the operator of Muradkhanli, Jafarli and Zardab oil fields onshore Azerbaijan.
The findings of the reservoir study will complement the two comprehensive geological studies previously completed by the company, announced on August 13, 2018, whose scope was focused on the selection of infill drilling locations across its field area in preparation for the beginning of drilling activities in Azerbaijan, according to Zenith Energy.
“The primary goal of the reservoir study will be the achievement of a material improvement in Zenith's understanding of its reservoir base in order to perform well interventions, including sidetracks and perforations, that might unlock significant reserves in historically highly productive wells,” said the company.
Zenith Energy said the study will also result in the creation of a fully digitalized database that will incorporate all existing printed reservoir data.
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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