French TotalEnergies considering future expansion of EPS platform at Absheron gas field (Exclusive)
Date
2/17/2022 2:23:35 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Feb. 17
By Sadraddin Aghjayev – Trend:
French TotalEnergies oil and gas company is considering the
possibility of future expansion of the EPS platform for the
Absheron gas field development project in Azerbaijan, Christine
Healy, the company's senior vice president for the Caspian and
South European regions, told Trend .
According to Healy, work on the above project continues.
'We also have established cooperation with the State Oil Company
of Azerbaijan (SOCAR) and our operator JOCAP (a joint operating
company of SOCAR Absheron and TOTAL E&P Absheron B.V.),' she
said. 'We believe in the development of our cooperation on the
project and are confident in the success of JOCAP.'
'We are carefully studying all the details that need to be put
together in order to realize this project. Besides, we're glad to
negotiate with Azerbaijan on the development of new projects in
such sectors as oil, gas, renewable energy sources,' the vice
president noted.
'We are interested in offering the Azerbaijani government any
ideas that it may be interested in,' added Healy.
SOCAR and TOTAL signed an agreement on November 21, 2016, on
determining the main contractual and commercial conditions of the
first stage of development of the Absheron gas condensate
field.
The agreement on exploration, development, and production
sharing in the Absheron offshore block was signed on February 27,
2009.
The term of the contract amounts to 30 years. The contract area
is 747 square kilometers.
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