TotalEnergies and the State Oil Company of the Republic of Azerbaijan (SOCAR) began production of the first phase of development of the Absheron gas and condensate field in the Caspian Sea. (Source: Shutterstock.com)
TotalEnergies and the State Oil Company of the Republic of Azerbaijan (SOCAR) began production of the first phase of development of the Absheron gas and condensate field in the Caspian Sea.
Gas from the field will be sold on the domestic market in Azerbaijan.
The companies are developing the field through a 50-50 joint venture company, Joint Operating Company of Absheron Petroleum. Each company owns 50% interest in the project.
The project’s first phase connects a subsea production well to a new gas processing platform linked to SOCAR’s facilities in Oil Rocks. It has a production capacity of 4 MMcm/d and 12,000 bbl/d of condensate.
TotalEnergies is a 50% partner of SOCAR in the Absheron gas and condensate field and has a 5% stake in the Baku-Tbilisi-Ceyhan pipeline.