Canadian Zenith Energy is waiting for a drilling rig from China to drill wells in the Azerbaijani oil fields

Canadian Zenith Energy will start drilling wells in the onshore fields of Azerbaijan in 2018. 23.Apr.17 10:38 PM By Christina Orlina Photo Toinnov.com    593

Until the end of 2017 the company will receive from China new rig and in 2018 it will be possible to start drilling oil wells. Zenith Energy today serves as the operator of the block land deposits Muradkhanli-Jafarli-Zardab. The Azerbaijani Parliament ratified the agreement on the PSA on production sharing, restoration, development and exploration on the block of land oil fields Muradkhanli-Jafarli-Zardab between SOCAR and the canadian Zenith Energy. Later his signature to the agreement set by the head of Azerbaijan Ilham Aliyev. Under the agreement, which the companies signed in March 2016, the contract area is divided into rehabilitation and exploration. Total area of the contract bloc is 642,4 km2. The contract is for 25 years. Oil production on onshore block of fields is 350 bbl/day. The field block Muradkhanli-Jafarli-Zardab is located on the territory of Imishli district. The Muradkhanli field was opened in 1971, Jafarli – in 1984 and Zardab – in 1981 Zenith Energy 1.5 months ago, the beginning of repair of wells and the work is not yet completed. After repairs the yield of wells will be increased.

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