This year the administration of Total E&P Azerbaijan company, which is in charge of exploration and development of the gas condensate field Absheron, stated that the first gas is planned to be extracted on the contract area in 2020.
At the “Oil and Gas Week 2013” in Baku Christian Gudiselli, General Manager Total, said the first gas will be extracted from the well at the end of 2020. He said at the first stage it is planned to extract 3-5 billion cub.m. of gas a year.
Total General Manager is aware that the first gas from the Shah-Deniz Phase 2 will be exported to Europe no earlier than 2019. Almost a year and a half – till the end of 2020 – is needed to achieve the planned production. Will the shareholders of SCP, TANAP and TAP make a decision to expand the gas pipelines right after that? Of course not. The pipelines will not be expanded earlier than 2024. The conclusion is that extraction on the Absheron field cannot commence before that, because one cannot export the extracted gas via the alternative routes.—0—
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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