TotalEnergies (35%, operator), SOCAR (35%) and XRG (30%) have taken the Final Investment Decision (FID) for the Full Field Development of the Absheron gas and condensate field. The decision marks the next stage in developing the field and expanding its production capacity. Located in the Caspian Sea, 100 km south-east of Baku, the Absheron field contains approximately 140 billion cubic meters of recoverable gas reserves. The development builds on the first development phase, which was successfully put on stream in 2023 with a production capacity of 1.5 billion cubic meters per annum (BCMA) of gas and 12,000 barrels per day of condensate.
Production Expansion Planned for 2029
The Absheron Full Field development is expected to substantially increase production from the field, taking overall output to 6 BCMA of gas and 47,000 barrels per day of condensate. Project is expected to start-up in 2029. Gas produced through the development will be supplied to the domestic market as well as exported to Turkey. The exports will use the existing gas infrastructure connecting Azerbaijan to the European gas market, supporting the role of the development in strengthening regional energy security.
Low-Carbon Design and Subsea Production
The project has been designed with a focus on innovation and a low carbon footprint. Gas will be produced by 4 subsea wells before being transported to shore through a subsea pipeline equipped with advanced automation solutions. It will then be processed at a new onshore plant that will be fully electrified and designed to minimize energy consumption and greenhouse gas emissions. As a result of the design, the scope 1 & 2 greenhouse gas emissions intensity of the project stands below 4 kg CO2e/boe.
“We are pleased to announce the launch of Absheron Full Field development, a project that unlocks the full production potential of one of the Caspian Sea’s largest gas discoveries”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
“In line with TotalEnergies’ strategy, Absheron Full Field Development is a low cost and low emissions project that will provide a long-term additional gas supply to the domestic and international markets, supporting regional energy security,” he added.
