French energy company TotalEnergies and its partner State Oil Company of the Azerbaijan Republic (SOCAR) announced on Monday the start of production of the Absheron gas and condensate field in the Caspian Sea in Azerbaijan.
TotalEnergies said in a statement that the launch of the first phase of development of gas and condensate field will provide a production capacity of 4 million cubic meters of gas per day and 12,000 barrels a day of gas condensate.
During the signing of an agreement in 2016, TotalEnergies and SOCAR estimated the field’s capacity at about 35,000 barrels of oil equivalent per day, noting that production in the field targets the local market in Azerbaijan.
President of Exploration and Production at TotalEnergies, Nicolas Terraz said that this project is in line with the company’s strategy of meeting the growing demand for gas.
Source: Qatar News Agency