Output from the Absheron gas field in the Caspian Sea is expected to begin in 2022, Azeri state energy firm SOCAR said Jan. 13, a year later than had been expected.
The site is being developed by SOCAR and France’s Total and is part of Azeri plans to become a major gas exporter.
Azerbaijan began gas exports to Europe from its Shah Deniz Field in December.
Total in 2019 forecast a 2021 start to output from Absheron following positive results from a first well.
The field has estimated reserves of 350 billion cubic meters (Bcm) of gas and 45 tonnes of gas condensate, according to SOCAR.
The first phase of the project is expected to produce about 1.5 Bcm per year to supply the domestic market and the next phase about 5 Bcm.
Recommended Reading
Hibernia IV Joins Dawson Dean Wildcatting Alongside EOG, SM, Birch
2025-01-30 - Hibernia IV is among a handful of wildcatters—including EOG Resources, SM Energy and Birch Resources—exploring the Dean sandstone near the Dawson-Martin county line, state records show.
Cummins, Liberty Energy to Deploy New Engine for Fracking Platform This Year
2025-01-29 - Liberty Energy Inc. and Cummins Inc. are deploying the natural gas large displacement engine developed in a partnership formed in 2024.
E&P Highlights: Jan. 27, 2025
2025-01-27 - Here’s a roundup of the latest E&P headlines including new drilling in the eastern Mediterranean and new contracts in Australia.
Inside Ineos’ US E&P Business Plan: Buy, Build, Buy
2025-01-27 - The E&P chief of U.K.’s Ineos says its oily Eagle Ford Shale acquisition in 2023 has been a profitable platform entry for its new U.S. upstream business unit. And it wants more.
Blackstone Buys NatGas Plant in ‘Data Center Valley’ for $1B
2025-01-24 - Ares Management’s Potomac Energy Center, sited in Virginia near more than 130 data centers, is expected to see “significant further growth,” Blackstone Energy Transition Partners said.