Asset Report
Muradkhanli Contract Area
Report summary
State-owned SOCAR currently operates the onshore Muradkhanli Contract Area, which contains three core oil fields: Muradkhanli, Jafarly and Zardab. In 2020, London-listed Zenith Energy exited a production rehabilitation and exploration PSC that was signed in 2016.All the fields were discovered during the Soviet era, and Muradkhanli and Jafarly are mature. Current production is extremely low, at around 200 b/d. This is far below historical peaks.Previous investment in redevelopment focused on ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Current status
-
Historical participation
- Zenith Energy PSC (2016-20)
- Initial PSC (1998-2001)
-
Geology
-
Muradkhanli
- Upper Cretaceous
- Middle Eocene
- Other reservoirs
- Jafarly
- Zardab
-
Muradkhanli
- Well data
- Exploration
-
Reserves and resources
- Overview
-
Oil
- Reported data
- Modelling
- Upside
- Gas
-
Production
-
Oil
- Historical production
- Future production
-
Oil
-
Development
- Overview
-
Historical activity
- Pre-2016
- Zenith Energy PSC (2016-2020)
- Infrastructure
- Costs
-
Fiscal and regulatory
- Status
-
PSC terms
- Compensatory petroleum obligation
- Cost oil
- Profit oil
- Profit tax
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 27 images and tables including:
- Key facts: Table 1
- Index map
- Muradkhanli Contract Area map
- Well data: Table 1
- Exploration: Table 1
- Infrastructure: Table 1
- Capital costs
- Costs: Table 2
- Operating costs
- Cash flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Geology: Table 2
- Geology: Table 3
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Participation: Table 1
- Geology: Table 1
- Production: Table 1
- Production: Table 2
- Muradkhanli Contract Area production profile
- Fiscal and regulatory: Table 1
What's included
This report contains:
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