Yesterday, the President of Azerbaijan Ilham Aliyev received Arnaud Breuillac, the president of the French company TotalEnergies for exploration and production.
Breuillac said that he is completing his activity as president of TotalEnergies for exploration and production, the information on the website of the President of Azerbaijan.
“The interlocutors expressed the hope that the first gas to be produced at the Absheron field in about a year will help meet the domestic gas demand in Azerbaijan due to industrial development and population growth in the country, increase export potential and access to new markets, and provide energy security of Europe”, underlined in the information.
Aliyev and Breuillac exchanged views on the relationship between Azerbaijan and TotalEnergies, as well as the prospects for cooperation in the field of renewable energy sources (RES).
SOCAR and Total on February 27, 2009 signed a PSA-type contract for exploration and development of the Absheron structure for a period of 30 years. The field was discovered in August 2011. On November 21, 2016, the parties signed a commercial agreement for the first stage of development of the Absheron gas condensate field.
The Absheron field is being developed by the Joint Absheron Petroleum Operating Company (JOCAP), established by SOCAR Absheron (50%) and TOTAL E&P Absheron (50%).
The Absheron block is located 100 km from Baku at a depth of 500 meters.
In 2019, SOCAR and TOTAL completed drilling of a production and appraisal well “ABD-001” with a depth of 7411 meters in the Absheron field. The reserves of the field amount to 350 billion cubic meters of gas and 45 million tons of condensate; its development will be carried out in stages.
At the first stage, the volume of production will amount to 1.5 billion cubic meters per year. All gas produced within the first stage will be directed to the domestic market of Azerbaijan. Also, the field will annually produce 450 thousand tons of condensate.