Baku, Azerbaijan, July 12
By Leman Zeynalova – Trend:
Top Drive System of Canada’s Zenith Energy company has been installed at Azerbaijan’s Jafarli field as part of preparations for drilling at C-37 well, Trend reports citing the company.
Zenith Energy confirmed that the installation of the Top Drive System was completed July 10 in the evening.
The Top Drive System arrived in Azerbaijan on June 26. Aside from this equipment, Zenith Energy has delivered a mud logging unit and a drill pipe for the abovementioned operations.
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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