TotalEnergies Joins Absheron Gas Condensate Field Development in Azerbaijan
- Reports
- 9
- Developments
- 3
- Repetition
- 78%
New informationRepeats or wire copies
What happened
The Final Investment Decision for the full-scale development of the Absheron gas condensate field in Azerbaijan was approved during the Second Azerbaijan International Investment Forum. TotalEnergies, SOCAR, and XRG signed the agreement for the Absheron field, which is located offshore in the Caspian Sea. The project is expected to start production in late 2028 or early 2029.
From trend.az, azerbaijannews.net
Why it matters
The Absheron field holds estimated gas reserves of 350–400 billion cubic meters. The expansion phase is expected to deliver up to 12.7 million cubic meters of gas per day and 37,000 barrels of condensate per day at peak production. This project reinforces Azerbaijan's role as a critical energy partner to international markets.
Infrastructure projects are underway in the Absheron peninsula of Azerbaijan.
From trend.az, azerbaijannews.net
Who's involved
- TotalEnergiesParticipating in the Absheron field development project alongside SOCAR and XRG.
- AzerbaijanThe host country where the Absheron offshore gas condensate field is located.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- TotalEnergiesSpeculative
TotalEnergies could increase its investment in the high-potential Absheron offshore gas project.
- AzerbaijanSpeculative
Azerbaijan's energy sector might see increased long-term resource supply from the field.
How it developed
Newest first. Tap a step to see who reported it.- XRG invests in Azerbaijan's energy sector, holding stakes alongside SOCAR and TotalEnergies in the Absheron field.Sub-event
TotalEnergies joins the Absheron field development project in Azerbaijan.1 source
TotalEnergies, SOCAR, and XRG are partnering on the Absheron field in the Caspian Sea.1 source
Keep exploring
The entities involved
-
TotalEnergies
French multinational energy and petroleum company
-
Azerbaijan
country in the Caucasus in Eastern Europe and Western Asia
-
Caspian Sea
largest landlocked salt lake, located between Europe and Asia