Azerbaijan's Absheron Field Shows Promise For Increase In Gas, Condensate Production
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 6. Azerbaijan's Caspian
Absheron field has potential for gas, condensate production
increases, TotalEnergies JV and Development Director Jason Fish
said, Trend
reports.
He made the remark during today's panel discussion themed
"Exploration and Production Opportunities in the Caspian Region" at
the Baku energy Forum in Azerbaijan.
Based on his assessment, the gas and condensate production that
commenced in July 2023 as part of the initial phase of the field's
development demonstrates favorable extraction rates for these
hydrocarbons.
"In 2023, about 800 million cubic meters of gas and 300,000 tons
of condensate were produced during the first phase of the Absheron
field development. We are studying all issues related to the
upcoming second phase of the field's development.
Specifically, research work is underway on several sections of
the contract area, including deepwater exploration," Fish
explained.
The representative of TotalEnergies pointed out that they have a
tight grip on greenhouse gas emissions in the field.
"We have also installed equipment to monitor methane emissions.
Overall, we follow our strategy - more hydrocarbons, fewer
emissions," Fish added.
To note, the contract area of the field is 747 square
kilometers, located 100 km from Baku at a depth of 500 meters.
Reserves are estimated at 350–400 billion cubic meters of gas. From
January through March 2024, JOCAP (Joint Operating Company of
Absheron Petroleum B.V.), responsible for extracting hydrocarbons
from this field, produced 400 million cubic meters of gas and
140,000 tons of condensate from the Absheron field.
MENAFN06062024000187011040ID1108304950
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.