Junior E & P Company of 2016 Award
The Oil & Gas Year, Azerbaijan 2016
In October 2015, Canada’s Zenith Energy acquired the Muradkhanli, Jaffarli and Zardab onshore oilfields under a 25-year PSA with SOCAR. The Company aims at increasing production at the oilfields, which cover 642.4 square kilometres and currently produce a combined 350 barrels per day. The latest junior exploration and production company to enter Azerbaijan’s oil and gas industry, Zenith Energy opens the path for the redevelopment of Azerbaijan’s onshore oil resources. The Company’s local subsidiary, Zenith Aran Oil Company, was officially established in January 2016.
Source: The Oil & Gas Year, Magazine