BAKU, Azerbaijan, June 1. A long-term gas
supply agreement for exports from Azerbaijan’s Absheron
gas-condensate field to Türkiye has been signed, Trend reports
citing SOCAR.
The agreement was concluded between SOCAR, TotalEnergies, XRG
and BOTAŞ.
Reportedly, SOCAR President Rovshan Najaf, TotalEnergies Senior
Vice President Martina Opizzi, and XRG President for International
Gas Mohamed Al Aryani held a meeting on June 1 as part of Baku
Energy Week.
During the meeting, the sides expressed satisfaction with the
ongoing successful cooperation between SOCAR, TotalEnergies and XRG
in the energy sector.
The parties also reviewed progress on the full-field development
project of the Absheron gas and condensate field.
The Absheron field is located on the Caspian Sea shelf
approximately 100 km southeast of Baku and 25 km northeast of the
Shah Deniz field. The structure covers an area of around 270 square
kilometres, with estimated gas reserves of 350–400 billion cubic
metres.
Production at Absheron began in July 2023 under an early
production phase operated by JOCAP, using a single deepwater
well.
SOCAR, TotalEnergies and XRG have agreed on the concept for the
second phase of development, which envisages subsea production
facilities followed by transportation to shore. Wells are expected
to be drilled at depths of around 500 metres, with total well
lengths exceeding 7,000 metres, making them among the deepest in
the Caspian Sea.
At peak output, the second phase is expected to deliver up to
12.7 million cubic metres of gas per day (around 4.5 billion cubic
metres per year) and 37,000 barrels of condensate per day. First
production from this phase is expected in late 2028 or early
2029.
