Exxon Azerbaijan awards 3D seismic contract

Exxon Azerbaijan Operating Co. LLC, operator of the Zafar-Mashal production-sharing agreement, has awarded a contract to perform a 3D seismic survey to Caspian Geophysical LLC, a joint venture between Schlumberger Ltd. unit Schlumberger Oilfield Services and the State Oil Co. of Azerbaijan (SOCAR), Exxon said Wednesday.


Exxon Azerbaijan Operating Co. LLC, operator of the Zafar-Mashal production-sharing agreement, has awarded a contract to perform a 3D seismic survey to Caspian Geophysical LLC, a joint venture between Schlumberger Ltd. unit Schlumberger Oilfield Services and the State Oil Co. of Azerbaijan (SOCAR), Exxon said Wednesday.

The production-sharing agreement area contains the Zafar and Mashal structures, located in deep water 110 km southeast of Baku in the South Caspian Sea.

The PSA was ratified in April 2000. Partners are SOCAR, 50%, operator Exxon Exploration and Production Caspian Sea Ltd., 30%, and Conoco UK Ltd., 20%.

Caspian Geophysical's multi-purpose vessel Gilavar began the 3-month survey of the 850-sq km area Sept. 22. Work will take 3 months to complete.

Caspian Geophysical is a joint limited liability company in which Schlumberger holds a 55% interest and SOCAR 45%.

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