VOL. XLV

No 24

17-June-2002

CASPIAN

ExxonMobil Will DrillSecond Well In Nakhchivan Block

ExxonMobilhas announced that it will drill a second well in the offshore Azerbaijan Nakhchivan block in late 2003. The announcement follows aprevious statement by the US firm that it intended to withdraw from its offshore Oguz concession when its production-sharing agreement (PSA)expired next year (MEES, 10 June).Last March the ExxonMobil subsidiary Exxon AzerbaijanOperating Company (EAOC) announced that it...