Azerbaijan

RWE Dea AG signed an agreement with State Oil Co. of the Azerbaijan Republic to explore the Nakhichevan block in the Caspian Sea off Azerbaijan.

By OGJ editors
HOUSTON, Mar. 10
– RWE Dea AG signed an agreement with State Oil Co. of the Azerbaijan Republic to explore the Nakhichevan block in the Caspian Sea off Azerbaijan.

Nakhichevan is 60 miles south of Baku (see map, OGJ, Nov. 20, 2000, p. 49). The German company said the agreement is “a first step towards RWE initiating upstream activities in Azerbaijan” and that it would gradually step up activities over time.

An Exxon affiliate explored a 100 sq mile block in the late 1990s over the “Nakhichevan prospective structure,” formerly known as D-3, in 300-1,600 ft of water. It drilled one well in 2002 that didn’t find hydrocarbons.

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