Finds Oil at Muradkhanli
appraisal well, MOC-01, reached its final depth of 4,567 meters
on March 24, 2000. The company is preparing to commence a program
of production testing in order to assess the results.
Production will be handled using existing field pipeline, processing
and storage facilities, which have been upgraded and extended
to the MOC-01 location.
Photo: Phil Maxwell (center)
Ramco's manager for the Muradkhanli project with his staff.
Ramco spudded the MOC-01 well, on the Muradkhanli field, on January
11, 2000; it was the first well to be drilled onshore Azerbaijan
under a Production Sharing Agreement (PSA). Ramco signed the
contract for the field in July 1998. Ramco's feasibility study
concluded that there could be as much as 5 billion barrels of
oil in place.
The Muradkhanli field, discovered in 1969, is 110 miles southwest
of Baku and covers 565 sq km. The field is located 55km south
of AIOC's western pipeline route, and currently utilizes an oil
loading terminal on the railway that links Baku to Poti and Batumi
on the Georgian Black Sea coast. Ramco has a 50 percent interest
in the Muradkhanli, Jafarli and Zardab fields; SOCAR has the
remaining 50 percent interest.
(8.1) Spring 2000.
© Azerbaijan International 2000. All rights reserved.
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