Production from gas condensate field Absheron scheduled for 2020-21

17:24 - 19.09.2018


September 19, Fineko/abc.az. Socar president Rovnag Abdullayev has stated that production from gas condensate field Absheron, located in the Azerbaijani sector of the Caspian Sea, is scheduled for 2020-2021.

"Currently, the semi-sub drilling rig n.a. Heydar Aliyev is developing an appraisal & production well on Absheron field. Joint drilling operations conducted with Total will be completed next year. The first production from the field is expected in 2020-2021," he emphasized.
Based on the results of drilling operations on the first exploration well in September 2011, Total confirmed the presence of large volumes of hydrocarbon reserves on Absheron field - 326 bn cu m of gas and 108 million tons of condensate.

At primary stage it is expected to produce about 1.5 bn cu m a year, and in 2022-2023 – 5 bn cu m of gas. About 150 million cu m of gas will be pumped from the field daily, and annually about 1.5 bn cu m of gas will be delivered to the local market.
The agreement on the share distribution in exploration, development and production of Absheron offshore block was signed in 2009. Currently, the project participants are SOCAR (50%) and Total (50%).

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