• Natural Gas News

    Absheron Field 'to Start in 2020'

Summary

Gas production from Azerbaijan's Absheron field will start in 2020, State Oil Company of Azerbaijan (SOCAR) president Rovnag Abdullayev has said.

by: AL

Posted in:

Caspian Focus

Absheron Field 'to Start in 2020'

Gas production from Azerbaijan's Absheron field will start in 2020, State Oil Company of Azerbaijan (SOCAR) president Rovnag Abdullayev has said.

Abdullayev said the potential of natural gas exports will reach 25 billion cubic metres (bcm) in 2020, and should reach 40 bcm by 2025. He was quoted by state news agency APA.

The Absheron gas field is situated in the Caspian Sea, about 62 miles (100 kms) south of the Azeri capital, Baku. It covers approximately 100 square miles (270 square km) and lies 16 miles north-east of the Shah Deniz gas field.

Partners in exploration and production are Total S.A. (40%), SOCAR (40%), and GDF Suez (20%).

A review of the Absheron field released in July indicated that the field could yield 150-300 bcm of natural gas.

See also: SOCAR - TANAP to allow transporting gas from Caspian littoral countries to Europe