No 9

4 March 2002


ExxonMobil Abandons First Well InNakhchivan Prospect

Exxon AzerbaijanOperating Company (EAOC), a subsidiary of ExxonMobil and operator of theoffshore Nakhchivan concession, has announced that it will plug and abandon itsNakhchivan-1 exploration well after failing to encounter commercial reserves ata depth of 6,746ms, making it the deepest well ever drilled in the CaspianSea.A company spokeswoman said:Regardless of the ultimate results, the Nakhchivan well will...