Baku, August 23 - Neftegaz.RU. Zenith Energy, international oil & gas production company operating the largest onshore oilfield in Azerbaijan, has decided to replace 4,000 metres of line pipe across its field area in Azerbaijan by the close of 2018.
Delivery of the 1st batch of line pipe is expected to take place within the next 14 days. The line pipe replacement programme will begin immediately upon delivery of the materials.
The installation of new line pipe is expected to minimise oil loss during transportation from the well to Zenith's field oil processing and storage facility and reduce restrictions to oil flow from active production wells, a lowering of line pipe pressure.
Zenith further plans to begin the reconstruction of a 2000 cu/m oil storage tanks during September. It is expected that further storage tanks will undergo reconstruction work later in the year in Azerbaijan.
The company has also completed 2 comprehensive geological studies to optimise the selection of potential drilling locations and workover opportunities across the Muradkhanli, Jafarli and Zardab oilfields in the region.
Andrea Cattaneo, CEO of Zenith, commented, «We now return to the Zardab field with the full capability to achieve the results that have eluded us thus far. The geological work performed during recent months has significantly enriched our understanding of the field's geology, and further substantiated our confidence in the transformational potential of our Azerbaijan asset.»