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JOCAP talks progress of Absheron project in 2021

Economy Materials 17 December 2021 09:35 (UTC +04:00)
JOCAP talks progress of Absheron project in 2021

BAKU, Azerbaijan, Dec. 17

By Khagan Isayev – Trend:

The first elements of a bridge were installed near the Oil Rocks field in 2021, which will connect it to the new Absheron platform, JOCAP, a joint operating company of SOCAR Absheron and TOTAL E&P Absheron B.V. told Trend.

"This year, we also laid a submarine cable between the wellhead equipment of the Absheron field at a depth of 450 meters and a new platform of the same name near Oil Rocks," the company said.

JOCAP noted that the subsea cable, made up of electrical wires and hydraulic hoses, is an important link between the field and the platform.

"Every year, especially in winter, the meteorological conditions at sea are very harsh. In this regard, certain delays are expected in the course of our work," JOCAP said.

"In general, for the construction of the platform within the framework of the Absheron field project, we were able to achieve the implementation of the annual plan within the expected time frame," JOCAP added.

SOCAR and TOTAL signed an agreement on November 21, 2016, on determining the main contractual and commercial conditions of the first stage of development of the Absheron gas condensate field.

The agreement on exploration, development, and production sharing in the Absheron offshore block was signed on February 27, 2009.

The term of the contract amounts to 30 years. The contract area is 747 square kilometers. The Absheron block is located 100 kilometers from Baku at a depth of 500 meters.

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