OREANDA-NEWS. May 18, 2012. Today in Baku State Oil Company of Azerbaijan (SOCAR) has signed agreement on commercial principles and PSA terms with " Vietnam Oil and Gas Group" (PetroVietnam) for restoration, exploration and development of on-shore field block Muradkhanli, Jafarli and Zardab.

The block is located in Imishli region. Muradkhanli field was opened in 1971, Jafarli- in 1984, Zardab- in 1981. So far 183 wells were drilled in these fields  and 3.4 million tons of oil and 100 million cu m of gas was produced. Te rest reserves of the block are estimated at 1.8 million tons of oil and 36 million cu m of gas. 77 wells are presently exploited in the fields block.