BAKU, Azerbaijan, January 8. Azerbaijan’s state
oil company SOCAR and French energy company TotalEnergies have
discussed the full-scale development of the Absheron gas and
condensate field, Trend reports via SOCAR.
SOCAR President Rovshan Najaf met with Martina Opizzi, Senior
Vice President of TotalEnergies to review the current status of
their joint projects and exchanged views on potential cooperation
in the energy sector both in Azerbaijan and abroad.
The Absheron field is located on the Caspian Sea shelf, about
100 km southeast of Baku and 25 km northeast of the Shah Deniz
field. Covering roughly 270 square kilometres, its gas reserves are
estimated at 350-400 billion cubic metres.
Production from Absheron began in July 2023 under an early
production project operated by JOCAP, using a single deepwater
well.
SOCAR, TotalEnergies and XRG have agreed on a concept for the
second development phase, which envisages subsea extraction with
transportation to shore. Wells will 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. Extracted gas and
condensate will be transported via a 140-km multiphase pipeline to
Sangachal, where the hydrocarbons will be separated and processed
at central facilities near the terminal.
At peak production, the second phase is expected to yield 12.7
million cubic metres of gas per day (4.5 billion cubic metres per
year) and 37,000 barrels of condensate per day, complementing
volumes already produced under the first phase. Production from the
second phase is scheduled to begin in late 2028 to early 2029.
As of October 31, 2025, the field had produced nearly 1.326
billion standard cubic metres of gas and 3.867 million barrels of
condensate.
