Absheron Gas Field

Summary Information

• Operator: JOCAP (Joint Operating Company of Absheron Petroleum) - Total
• Country: Azerbaijan
• Location: Caspian Sea
• Production start:
• Partners: Socar, ADNOC
• Type: Gas
• Estimated Reserves: 150 to 300 billions of cubic meters (Bcm)
• Production Volume:

Description

• The Absheron gas and condensate field is located in the Caspian Sea 100 km south-east of the coast.
• The first phase connects a subsea production well to a new gas processing platform, itself linked to SOCAR’s existing facilities in Oil Rocks.
• It has production capacity of 4 million cubic meters of gas per day and 12,000 barrels a day of condensate. The gas is sold on the domestic market in Azerbaijan.
• A second phase is under development

Contractors

• BOS Shelf: construction of four main jackets and subsea structures

History

• 2009 - Total Signs Exploration, Development and Production Sharing Agreement with SOCAR for the Absheron block
• 2011 - The Absheron X-2 well encountered more than 500 feet of cumulated net gas pays
• 2012 - Declaration of commerciality
• 2016 - The partners agree to develop the field
• 2023 - ADNOC agrees to acquire a 30% Equity Stake
• 2023 - First gas produced

Geology

• The well results indicate gas resources of 150 to 300 billions of cubic meters (Bcm) – 5 to 10 trillions of cubic feet (Tcf) - of non-associated gas with condensates in the Balakhany and Fasila formations on the Northern compartment of the structure. The elongated structure straddles approximately 270 square-kilometers and the cumulative net pay is greater than 160 meters thick.

Links

1. Absheron, Socar
2. Azerbaijan: Total makes a major gas discovery in the Caspian Sea
3. GDF SUEZ announces promising Absheron license results in Azerbaijan
4. Azerbaijan: Socar, Total and GDF Suez issue a ‘Notice of Discovery and its Commerciality’ for the Absheron discovery
5. Total Signs Exploration, Development and Production Sharing Agreement with SOCAR for the Absheron block in Azerbaijan
6. BOS Shelf completes construction of jackets for Absheron field
7. Azerbaijan: Total and SOCAR sign agreement to develop Absheron discovery
8. ADNOC to Acquire 30% Equity Stake in Absheron Gas Field
9. Azerbaijan: Inauguration of the Absheron gas field