Middle East Economic Survey

VOL. XLVII

No 41

11-October-2004

CASPIAN

Zafar Mashal Yields Disappointing Results For ExxonMobil And Azerbaijan

ExxonMobils first well in its offshore Azerbaijan Zafar Mashal block has proved to be a disappointment in that only gas was discovered during the course of drilling the well, at more than 7,000ms the deepest so far drilled in the Caspian Sea. Exxon Azerbaijan Operating Company (EAOC), the operator of the block, and Azerbaijan had hoped to make a major oil...