As a result of the handover, Zenith has ceased all oil production operations in Azerbaijan and all field production personnel, approximately 170 employees, have been transferred to a division of SOCAR.
The company has confirmed that its Azerbaijan subsidiary has recently received a payment for oil production of approximately US$508 000 from SOCAR.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/25062020/zenith-energy-completes-handover-of-azerbaijan-assets-to-socar/
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