Absheron is a conventional gas development located in deepwater in Azerbaijan and is operated by Joint Operating Company of Absheron Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Absheron was discovered in 2011, lies in block Absheron, with water depth of around 1,555 feet. Buy the profile here.
The project is currently in commissioning stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2018. The Absheron conventional gas development will includes fixed platform.
Field participation details
The field is owned by State Oil Company of the Azerbaijan Republic and TotalEnergies.
Production from Absheron
Production from the Absheron conventional gas development project is expected to begin in 2023 and is forecast to peak in 2027, to approximately 13,631 bpd of crude oil and condensate and 467 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2056.
Remaining recoverable reserves
The field is expected to recover 583.18 Mmboe, comprised of 90.01 Mmbbl of crude oil & condensate and 2,959.02 bcf of natural gas reserves.
Contractors involved in the Absheron conventional gas field
Some of the key contractors involved in the Absheron project as follows.
Design/FEED Engineering: KBR
Main EPC: BOS Shelf
EPC Contractors: Eni, Star Gulf FZCO and Absheron Drilling
Other Contractors: Petrofac, National Company KazMunayGas, LightHouse, EnerMech Group and Enhanced Well Technologies
For more details on the Absheron Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
