Proactive Investors - Run By Investors For Investors

Zenith Energy reports success with Azerbaijan well

"I am very excited about the successful flow achieved at M-45.”
Onshore oil drilling
Zenith foresees production of around 150 bopd

Zenith Energy Ltd (LON:ZEN, CVE:ZEE) told investors that a well programme in Azerbaijan has been a success.

The company, in a statement, said the work-over of the M-45 well at the Muradkhanli field has opened up a productive zone, and post-stimulation the well is flowing at a rate of 46 barrels of oil per day.

Predicted production, based on an inflow production curve on the well, shows that the company should be able to produce some 150 bopd, it added. An electric submersible pump (ESP) is expected to be installed in the well during the third week of July.

"I am very excited about the successful flow achieved at M-45,” said Mike Palmer, chief operating officer of Zenith’s Azerbaijan subsidiary.

“It has been a lot of hard work and we are happy to be able to move on to other workovers.

“We can now progress with our workover programme and have selected a series of high impact wells. 

“We look forward to the next phase in the company's field development."

Zenith is now defining plans for the next two work-over wells.


View full ZEN profile View Profile

Zenith Energy Timeline

Related Articles

oil and gas operations
January 10 2019
The North Sea firm is working to bring the Liberator into development, and, with active operational plans and funding efforts appearing close to a conclusion it is set for a significant 2019.
oil rig
May 22 2019
Sidetrack at West Rutavi 16a flowed at 1,100 barrels per day against target of 650bopd for two wells
Oil well
February 13 2019
TLP-103C’s upper reservoirs will be targeted by blending the R2 and the Mengo intervals through a double completion in the well.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use