Azerbaijan’s Absheron Gas Production to Start in 2021

Azerbaijan’s Absheron Gas Production to Start in 2021

French oil firm Total is expected to start production at Azerbaijan's Absheron gas field in the Caspian Sea in 2021, the Azeri energy minister told a local newspaper, a year later than the company has previously estimated.

Total last week submitted a fresh development plan for the field, which it operates. It was not clear if the new start date was from the plan, and the energy ministry did not immediately respond to requests for comment.
"Production at Absheron will start in 2021," Natiq Aliyev said in an interview with the Khalq (Nation) daily published on Monday.
Total owns 40 percent of the field, as does Azeri state energy company SOCAR, while French group GDF Suez owns 20 percent. The company website gives a start date of 2020 for Phase I of the project to come on stream.
Absheron has estimated reserves of 350 billion cubic metres (bcm) of gas and 45 tons of condensate. The consortium expects the field to produce 5 bcm of gas per year.
The Absheron development programme has been already drafted and it would be approved by the consortium by the end of 2014.


Short URL : http://goo.gl/QVc1Z7

You can also read ...

Iran has become an exporter of oil byproducts after years of import.
With the aim of producing Euro-5 diesel in Shiraz refinery,...
BP: Technology to Lower Oil Extraction Costs
Better technology could reduce the average production costs of...
ExxonMobil Partners With Pakistan for LNG Terminal
ExxonMobil is working with a group of Pakistan’s large...
Italy's Eni Promises Richer Returns After Higher Growth
Italian oil major Eni hiked its dividend on Friday and held...
Total is ADNOC’s largest and one of its longest international partners, active in Abu Dhabi’s oil and gas sector since 1939.
Abu Dhabi National Oil Company said on Sunday it has signed 40...
Ardakanian Attends World Water Forum
Energy Minister Reza Ardakanian left Tehran for Brasilia,...
South Zagros Company has exceeded its daily production target by 2.5 million cubic meters.
South Zagros Oil and Gas Production Company, a subsidiary of...