News listings

energy-pedia development and production

Azerbaijan flagAzerbaijan

Europe / Caspian / CIS >>> Azerbaijan

Azerbaijan: enith Energy reports production increase at the C-37 well in the Jafarli oil field


09 Oct 2019

Photo - see caption

Zenith Energy, the international oil & gas production company operating onshore in Azerbaijan, has provided an update on drilling results at well C-37 in the Jafarli oil field.

The Company can confirm that continued flow testing of the well recorded a production rate of approx. 285 barrels of oil per day, adding significant uplift to Zenith's total in country production figure.

Yearly revenue of approx. US$5,500,000 is expected to be generated from C-37, and a stabilised flow rate of 285 represents a 114% increase in the Company's daily oil production. 

Further stimulation of the well, which may include swabbing operations as well as the performance of nitrogen stimulation, may further increase the rate of production. The Company will update the market in due course regarding these operations.

C-30 Drilling Operations

Mobilisation of Zenith's 1,200hp drilling rig to the C-30 well location is expected to take place before the end of October 2019.

Photo - see caption

Andrea Cattaneo, Chief Executive Officer of Zenith, commented:

'We are pleased with the success we have achieved at well C-37. The additional production, and associated net cash flow, is extremely positive and indicates that we are progressing with our strategy of materially increasing our oil production in Azerbaijan. I look forward to updating investors in due course regarding the mobilisation of our drilling rig to the C-30 well location.'

Original article link

Source: Zenith Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1705
Completed deals: 5256

Company Profiles

Current Company Profiles: 2650

Corporate Activity

Current Corporate Activity articles: 3346

Companies Looking

Current number of articles: 427

Company Sales

Current Company Sales articles:1379

Geostudies

Current Geostudies articles: 652

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Geoespace
Bayphase
Union Jack Oil 149
SLR Consulting logo
Rose & Assocs 149
energy365
KL Publishing
OPC
Government of South Australia
count geophysics
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com