Time of delivering new drilling rig from Italy to Azerbaijan announced
Baku, Azerbaijan, Feb.8
By Leman Zeynalova – Trend:
The new BD-260 drilling rig, purchased by Canada’s Zenith Energy company for operations onshore Azerbaijan is expected to arrive in the first two weeks of March, Trend reports citing Zenith Energy, which is the operator for development of Muradkhanli-Jafarli-Zardab block of oil fields.
The company has received confirmation from Italian B Robotics W S.r.l., (Robotics) that shipment of the BD-260 drilling rig, purchased by Zenith's oilfield service company subsidiary, Zena Drilling Limited, is in progress.
In addition, as announced on January 23, 2019, the drilling equipment purchased from Robotics for a total of EUR 720,000 is being transported in the same shipment.
“Zenith expects arrival of the BD-260 drilling rig to field operations in Azerbaijan to take place during the first two weeks of March 2019. Assembly of the rig is planned to begin immediately after delivery,” said a message from the company.
The company is currently in the process of defining the BD-260's first operational deployment.
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.
Follow the author on Twitter: @Lyaman_Zeyn