SOCAR discusses the project of extracting large gas from the Absheron field

Baku/21.07.23//Turan: President of SOCAR (State Oil Company of Azerbaijan) Rovshan Najaf has met with Senior Vice President of French “TotalEnergies” Jean-Luc Guizu yesterday. "The current state of the Absheron gas condensate field development project in the Caspian Sea was discussed and the need to increase Azerbaijan's production potential was noted," SOCAR reported. The parties also exchanged views on the work under the second stage of the field development.

Currently, 4.3 mcm of gas and 1,400 tons of condensate are produced daily from the Absheron field as part of the first stage of production.

On July 10, 2023, “TotalEnergies” and SOCAR announced the start of production within the first phase of development of the “Absheron” gas condensate field in the Caspian Sea.

The “Absheron” field is being developed by the Joint Operating Company of Absheron Petroleum B.V. (JOCAP), established by SOCAR Absheron (50%) and TOTAL E&P Absheron (50%). The contract was signed for a period of 30 years. The contract area is 747 sq. km.

The “Absheron” block is located 100 km from Baku at a depth of 600 meters. In 2019, SOCAR and TOTAL completed drilling of the production and appraisal well "ABD-001" with a depth of 7411 meters at the “Absheron” field. The reserves of the field amount to 350 bcm of gas and 45 million tons of condensate. –0-