Azerbaijan Oil Contracts
Thomas L. Klockenbrink, President
The North Absheron Operating Company (NAOC) is a joint operating company formed to explore and develop the Ashrafi and Dan Ulduzu Prospects in the Azer-baijan sector of the Caspian Sea. In February 1998, they completed drilling their first well, the Ashrafi-1, which turned out to be the first successful exploration well drilled by an international consortium to flow-test hydrocarbons. Individual zones tested at rates of 22 million cubic feet of gas per day (620,000 cubic meters) and 3,400 barrels of oil per day (460 tons). The well was completed in record time and under budget.
Signed December 14,1996
Ratified February 25,1997
Map: Click to enlarge
The 1998 work program focuses on continuing technical evaluations to determine the commercial viability of the block. A second exploration well test the adjacent Dan Ulduzu structure is planned for late 1998.
NAOC is involved with several humanitarian projects, including the construction of refugee housing for 100 families (500 refugees) in the Mingachevir region. In 1998, they will sponsor the construction of five community centers for refugees through Relief International. NAOC also support Counterpart International in their efforts to feed 4,000 orphans in 10 orphanages.