VOL. XLIV

No. 18

30-April-2001

CASPIAN

OOC Spuds Exploration Well

The Oguz Operating Company (OOC), a subsidiary of ExxonMobil, announced on 24 April that it had begun drilling an exploration well, Neft Dashlary East 1, 60km east of Baku in the offshore Oguz concession. OOC is the operator of the Oguz production-sharing agreement (PSA), in which ExxonMobil, through its affiliate Mobil Exploration and Producing Azerbaijan Inc, and Azerbaijans state-owned oil company Socar are 50-50 partners. In...