Zenith Energy completes civil works at C-30 well of Azerbaijan’s Jafarli field
BAKU, Azerbaijan, Dec. 12
By Leman Zeynalova - Trend:
The civil works at well C-30 of Azerbaijan’s Jafarli field have now been fully completed, Trend reports citing Canada’s Zenith Energy company, which is the operator for development of Azerbaijan’s Muradkanli-Jafarli-Zardab fields.
Zenith said it is currently in discussions with its Rehabilitation, Exploration, Development and Production Sharing Agreement (REDPSA) partner, Azerbaijan’s state oil company SOCAR, to obtain final approvals to commence drilling operations.
“We are extremely motivated to achieve further success in C-30 well deepening operations with the benefit of the important experiences gained during C-37 operations,” said CEO of Zenith Energy Andrea Cattaneo, adding that the company looks forward to achieving stabilized production from well C-37 following the completion of downhole 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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