The Azerbaijan State News Agency

ECONOMY

Total, GDF confirm gas find in Azerbaijan’s Absheron field

02.07.2012 [18:34]
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Baku, July 2 (AZERTAC). The Absheron field is located around 100 kilometers South East of Baku and could be developed with a limited number of wells for a first phase of development. The Work Program of the partnership now includes studies and surveys to better dimension this development. A 3D seismic campaign will be shot in 2013 and more appraisal wells may be drilled to better assess the extent and the geometry of the structure.

Europe’s third-biggest energy company, and GDF Suez (GSZ) SA said results from the Absheron discovery in the Azerbaijan sector of the Caspian Sea indicated gas resources of as much as 300 billion cubic meters.

Total subsidiary, Total E&P Absheron (TEP AB) is the operator of the Absheron license with 40% equity. The partners are SOCAR (40%) and GDF Suez (20%).