Total confirms major gas reserves in the "Absheron" field

 

The  French oil company ‘Total’ has confirmed the presence of large gas reserves in the Absheron block in the range 140 to 280 billion cubic meters. According to the  press release, this field  occupies approximately 270 square kilometers and is located  in 100 kilometers  to  the south-west of Baku.  Exploration works started in 2009.

     The second phase of exploration provides for the   exploration  for more accurate determination of the  volumes of reserves.  In the oil and gas production project in Absheron ‘Total’ owns  40% share, the same belongs  share belongs to the state-owned SOCAR, and 20%  to the  Swiss GDF Suez. -02D- 

 

Leave a review

Economics

Follow us on social networks

News Line