BAKU, Azerbaijan, September 26. Today, the
State Oil Company of Azerbaijan (SOCAR) has outlined details of the
full-scale development of the Absheron gas condensate field.
"As part of the full-field development, the drilling of
additional wells and the development of new processing
infrastructure will enable the efficient development of the field’s
resource potential and bring the overall recovery factor to a level
comparable with leading international gas projects," SOCAR
said.
Earlier, the Final Investment Decision (FID) was approved for
the full-scale development of the Absheron gas condensate
field.
SOCAR President Rovshan Najaf, TotalEnergies President of
Exploration and Production Nicolas Terraz and ADNOC/XRG Executive
Office Director Omar Al Suwaidi exchanged the document signed
between SOCAR, XRG and TotalEnergies.
The ceremony took place on September 26 on the sidelines of the
second Azerbaijan International Investment Forum in Baku.
The Absheron field is located offshore in the Caspian Sea,
approximately 100 kilometers southeast of Baku and 25 kilometers
northeast of the Shah Deniz field. The structure covers an area of
around 270 square kilometers, while gas reserves are estimated at
350–400 billion cubic meters.
Production from Absheron started in July 2023 as part of the
early production phase operated by JOCAP, using one deepwater
well.
The second phase of the field's development envisages subsea
production followed by transportation to shore.
The produced gas and condensate will be transported through a
140-kilometer multiphase pipeline to the Sangachal Terminal, where
they will undergo separation and processing at onshore
facilities.
At peak production, the second phase is expected to deliver up
to 12.7 million cubic meters of gas per day (around 4.5 billion
cubic meters annually) and 37,000 barrels of condensate per day.
Production startup is expected in late 2028 or early 2029.
