VOL. XLV
No 23
10-June-2002
CASPIAN
ExxonMobil To Withdraw From Oguz Concession
ExxonMobilannounced on 5 June that it intends to withdraw from its offshore Oguz concession in Azerbaijan when the1997 production sharing agreement (PSA) expiresnext year. In April 2001 the Oguz Operating Company(OOC), the operator for Mobil Exploration and Producing Azerbaijan, asubsidiary of ExxonMobil, spuddedits first and only well - Neft Dashlary1 (NDEX-1) - in the Oguz block, but plugged and abandonedthe well...
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