new oil contracts were signed in Washington, D.C. on April 27,
1999, during President Aliyev's official visit to the U.S. They
include the following:
Exxon Mobil Exploration and Production
Caspian Sea Limited is the operator of the Zafar-Mashal block
in the Azerbaijan sector of the Caspian Sea. President of Exxon
Mobil Ventures K. Terry Koonce signed the contract along with
Natig Aliyev, President of SOCAR.
Exxon Mobil's President
Terry Koonce confirms the contract for Zafar-Mashal with Natig
Aliyev, SOCAR's President. All contracts were signed on April
27, 1999 in the U.S. Senate Building.
Exxon Mobil has a 30 percent interest in the block, SOCAR holds
a 50 percent interest and the remaining 20 percent has yet to
The deepwater offshore exploration block includes both the Zafar
and Mashal prospective structures (previously known as D-9 and
D-38) and is located about 75 miles (110 km) southeast of Baku.
It is located in water depths ranging from about 1,800 feet (550
m) to 2,900 feet (900 m) and covers about 250 square miles (640
Map: Click to enlarge
Mobil affiliates in Azerbaijan also own interest in the Nakhchivan
exploration block, the Araz-Alov-Sharg exploration block and
the Azeri, Chirag and deepwater Gunashli fields complex.
Exxon Mobil Azerbaijan Ltd. is a member of the AIOC consortium.
The company is active in providing support for education and
humanitarian projects in Azerbaijan.
Note: Conoco now holds 20% share in Zafar-Mashal as of
© Azerbaijan International 1999. All rights reserved.
Back to Index
AI 7.2 (Summer 99)
Choice | Topics