Baku, Fineko/abc.az. The State Oil Company of Azerbaijan (SOCAR) and the Zenith Aran Oil Company Ltd (Canada) signed a PSA contract on onshore oilfield block Muradkhanli-Jafarli-Zardab.
The contract was signed for 25 years. Zenith received 80% and SOCAR – 20% in the project.
The total area of the contract block – 642.4 sq km, the field are located in the territory of Imishli district.
Field Muradkhanly was discovered in 1971, Jafarli in 1984 and Zardab in 1981.
The residual reserves of the block are estimated in 1.8 million tons of oil and 36 million cu m of gas.
Presently, daily production on the oilfield block is 350 barrels and 77 wells are operating. Not large gas volumes, used for household and industrial needs, are also extracted on the block.
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